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Mint Primer | Trump-Induced Slowdown: Can It Be Reversed?
- The World Bank has revised its forecast for global economic growth in 2025 downward to 2.3 percent, indicating a notable deceleration worldwide.
- This downgrade reflects escalating trade tensions and policy uncertainty, especially related to US tariffs imposed since President Trump's second term began in January 2025.
- The report notes that about 70 percent of economies face reduced growth, global trade growth has slowed from five percent in the 2000s to less than three percent in the 2020s, and inflation is projected at 2.9 percent.
- The World Bank states that halving tariffs imposed in late May 2025 could boost average global growth by 0.2 percentage points over 2025 and 2026, emphasizing the need to rebuild trade relations.
- The slowdown implies slower income growth and job creation, especially in developing economies, and suggests that improved trade cooperation and policy reforms are necessary to restore growth momentum.
16 Articles
16 Articles
Mint Primer | Trump-induced slowdown: Can it be reversed?
The slowdown has been all-pervasive with 70% of all economies seeing a reduction in growth. Also, the projected growth rate will be the slowest in the last 17 years, if outright global recession is not considered.
The Business & Financial Times
GH HeadlinesGlobal economy set for weakest run since 2008 outside of recessions
…2025 growth forecasts cut for 70 percent of economies Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted in growth forecasts being cut in nearly 70% of all economies—across all regions and income groups. Global growth is projected t…
Amidst the uncertainty generated by U.S. President Donald Trump's tariff policies, the international organization predicts global growth of just 2.3% for this year and a road uphill during this decade. (Continue reading...) The entry The World Bank predicts the worst decade for global growth was first published in Remolacha - Dominican Republic News.
The eurozone can expect only 0.7 percent growth this year, as can Japan. The bank did not worsen the forecast for China.
Trump’s Tariffs Slam Global Economy, World Bank Warns
Key Takeaways: The World Bank says President Trump’s trade policies are harming the global economy. Global growth is expected to drop to 2.3% this year, down from 2.8% in 2022. The poorest regions of the world are struggling the most, with progress stalled. The World Bank warns this could be the weakest decade of growth since the 1960s. Experts call for urgent action to avoid long-term damage to living standards. The global economy is facing se…
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