World Bank Revises Global Growth Forecast Amid Trade Tensions

The World Bank has revised its global economic growth forecast for 2025 down to 2.3%, highlighting the impact of ongoing trade tensions and political uncertainty. This adjustment signals potential challenges for living standards worldwide.

Major economies, including the US and China, are experiencing similar downgrades, with global GDP growth predicted to average only 2.5% throughout the 2020s. Such a rate would mark the slowest economic expansion in decades.

The report emphasizes the necessity for policymakers to address rising trade barriers and implement effective measures to stabilize the economy. Additionally, while India is projected to remain a strong performer, achieving growth rates of 6.5-7%, the broader outlook for developing countries appears grim without decisive action.

The World Bank warns that the current decade could be the weakest for the global economy since the 1960s, urging a collaborative approach to mitigate potential risks.