World Bank Warns Trade Wars Threaten Global Economic Growth
TL;DR Summary
The World Bank has sharply lowered its global economic growth forecast for 2025 to 2.3%, citing trade uncertainty and tensions, especially between the US, China, and the EU, which could worsen the outlook if unresolved. The forecast is the slowest since 2008, with potential for improvement if major economies reach trade agreements.
- World Bank sharply cuts global growth outlook on trade turbulence CNBC
- World Bank Forecast Underscores Cost of U.S. Trade War The New York Times
- Trump's trade war could drag global economic growth to the lowest since the 1960s, World Bank says Business Insider
- 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% AP News
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