World Bank Cuts Global Growth Forecast Amid Trade Tensions
TL;DR Summary
The World Bank has lowered its global growth forecast for 2025 to 2.3%, citing increased tariffs and trade uncertainties, with advanced economies and poor countries facing significant challenges; global trade growth is also expected to slow, and inflation is projected to rise above pre-COVID levels, though the risk of a recession remains low.
- World Bank slashes global growth forecast as trade tensions bite Reuters
- World Bank Forecast Underscores Cost of U.S. Trade War The New York Times
- World Bank sharply cuts global growth outlook on trade turbulence CNBC
- Tariffs are pushing global economy into "turbulence," World Bank says Axios
- Citing trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3% NBC News
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