The bank also lopped 0.4 percentage points off its forecast for global growth this year. It now expects the world economy to expand just 2.3% in 2025, down from 2.8% in 2024.

The bank also lopped 0.4 percentage points off its forecast for global growth this year. It now expects the world economy to expand just 2.3% in 2025, down from 2.8% in 2024.

SYDNEY—Australia’s economy slowed sharply in the first three months of 2025, leaving it vulnerable to emerging weakness in world growth as the global trade war and a surge in geopolitical risk ...

The bank also lopped 0.4 percentage points off its forecast for global growth this year. It now expects the world economy to expand just 2.3% in 2025, down from 2.8% in 2024.

That puts the world economy on course for its weakest pace of growth in 17 years, excluding two global recessions — the first in 2009, following the financial crisis; and the second in 2020, the ...

The world’s largest economy is expected to grow by just 1.4% in 2025, a sharp deceleration from the 2.8% expansion recorded in 2024.

According to the Ministry of Economy and Finance, South Korea ranked 27th out of 69 countries in the 2025 World Competitiveness Ranking released by the International Institute for Management ...

The International Air Transport Association released the World Air Transport Statistics with comprehensive statistical data ...

The World Bank reduced its growth forecast for the global and U.S. economy to the weakest pace for global output since 2008, citing trade war disruptions sparked by President Trump.

The World Bank cited trade tensions and policy uncertainty related to tariffs as factors driving its lowered outlook. The U.S., Europe, and Japan all had their real GDP growth projections cut.

According to the World Bank report, the U.S. economy alone—which is the world's largest—is predicted to grow half as fast in 2025 than it did in 2024, with a drop from 2.8 percent to 1.4 percent.