By Staff Reporter
Global Economic Growth Outlook Plunges to 2.3%: World Bank
The World Bank has slashed its 2025 global growth forecast to 2.3 percent, down from the previously projected 2.7 percent, citing mounting trade tensions and deepening policy uncertainty.
In its latest economic prospects report released Tuesday, the global lender pointed to the ripple effects of prolonged tariff disputes and unstable international relations, highlighting that US President Donald Trump’s aggressive trade measures have contributed to a cooling global economic climate.
The revised forecast reflects growing concern among economists and policymakers over weakening cross-border trade and declining investor confidence. According to the World Bank, these pressures are dampening growth across both advanced and emerging economies.
This downgrade is the latest in a string of lowered projections by major international institutions, underscoring a broader trend of slowing global momentum amid geopolitical friction.
The report warns that without renewed cooperation and policy clarity, growth could stagnate further, potentially impacting employment and development prospects worldwide.
News Source: Emirates News Agency
