US EditionCiting trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3%
- The World Bank downgraded its forecast for global economic growth in 2025 to 2.3%, attributing the revision to disruptions caused by ongoing trade uncertainties.
- This downgrade follows U.S. President Donald Trump's April tariffs on many countries and ongoing trade negotiations with China and the EU.
- The bank also cut U.S. growth to 1.4%, euro area growth to 0.7%, and echoed OECD's slower 2.9% global growth prediction amid trade tensions.
- Indermit Gill, World Bank Vice President, stated that if current trade conflicts were settled through deals reducing tariffs by half, the global economy might experience an approximate 0.2 percentage point increase in growth during 2025 and 2026.
- The forecast suggests trade conflicts have harmed economic prospects worldwide and that resolution could modestly improve growth and living standards.
268 Articles
268 Articles
Graphic Truth: 2025 global growth projections
The World Bank projects global economic growth will slow to 2.3% in 2025, down from the 2.7% clip forecast in January, as a result of trade wars launched largely by the US. While the global economy will avoid recession, the report also warns that economic growth is on track for its weakest decade since the 1960s. Here’s a look at three key figures from the report.
America First Report
Uncanceled NewsWorld Bank Slashes Growth Forecast on Trump’s Tariffs
(The Center Square)–Due to U.S. trade policies, another global financial institution forecasted slower economic growth on Tuesday. The World Bank cut its annual economic growth forecast, saying President Donald Trump’s tariffs posed a “significant headwind” for nearly all economies. The bank slashed its forecast for 2025 by 0.4 percentage point to 2.3%. “The sharp increase in tariffs and the ensuing uncertainty are contributing to a broad-based…
In view of US President Trump's customs policy, the World Bank has lowered its economic forecasts.
The global economy is being held back by a tariff war, and developing countries are slowing down their catch-up. Expectations for the United States have been sharply downgraded.
News & Record
Winston-Salem JournalWorld Bank: Trade war will hammer economy
WASHINGTON — President Donald Trump's trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.
Coverage Details
Bias Distribution
- 47% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
