NYT: World Bank Lowers Global Growth Forecast Due to US Trade War.
yesterday, 02:08
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Journalist
Shostal Oleksandr
yesterday, 02:08
802
The World Bank Lowers Economic Growth Forecast
The World Bank has significantly revised its forecast for global economic growth in 2025 down to 2.3%, which is lower than the previous estimate of 2.7%. According to The New York Times, the downgrade is linked to President Trump's trade policies and increasing instability in international trade.
Trade Tensions Threaten Global Development
In its report 'Global Economic Prospects', the World Bank warned of the possibility of the weakest decade of growth since the 1960s due to trade conflicts. Chief economist Indermit Gill emphasized that the global economy is entering turbulence that could seriously undermine living standards.
The World Bank warns of a downgrade in economic growth forecasts for 2025 due to trade conflicts between countries, primarily between the US and China. Instability in international trade could impact living standards and lead to the weakest decade of growth since the 1960s.
The World Bank's warning of a downgrade in economic growth forecasts for 2025 indicates serious turbulence in the global economy. Trade conflicts could threaten living standards and lead to the weakest decade of growth in the last half-century.Read also
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