US Edition
Citing trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3%
- On June 3, 2025, cargo containers were loaded at the Burchardkai terminal in Hamburg, Germany, amid growing economic concerns.
- The World Bank significantly lowered its forecast for global economic growth in 2025 to 2.3%, attributing the downgrade to ongoing trade uncertainties driven by recent tariff hikes.
- This downgrade follows U.S. tariffs imposed in April and ongoing negotiations with China and the EU aiming to reduce trade tensions.
- The World Bank reported that the global economy is expected to grow at its most sluggish pace since 2008, with the U.S. growth forecast reduced to 1.4%.
- The Bank's chief economist noted halving tariffs from late May 2025 levels could boost global growth by 0.2 percentage points in 2025–2026.
275 Articles
275 Articles
World Bank warns the global economy is barreling toward its weakest decade in 50 years
A new report by the World Bank claims global economic growth could slow to its weakest level since the 1960s. The report pointed to an environment of trade obstacles and tariff policy uncertainty as the underlying reason for sluggish growth as President Donald Trump continues to threaten tariffs against America’s biggest trading partners. A new era of global tariffs spurred by President Donald Trump could make the 2020s the slowest decade of wor…
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.
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