World Bank Predicts Bleakest Decade for Global Growth Since the 1960s
The World Bank forecasts the slowest decade of global growth since the 1960s, with 2025 growth projected at only 2.3% and 2027 at 2.6%, significantly lower than previous estimates. This downward revision, impacting nearly two-thirds of countries, is largely attributed to escalating trade tensions, particularly stemming from US tariffs. The US forecast was downgraded due to these tensions and their impact on investor confidence and consumption, while China’s forecast remained stable due to its perceived resilience. Further tariff increases, the report warns, could lead to a global trade slowdown and increased market uncertainty.
John Q. Hosedrinker