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The World Bank on Tuesday slashed its global growth forecast for 2025 by four-tenths of a percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a "significant ...
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 World Bank forecasts a significant decline in global commodity prices, predicting a 12% drop in 2025 and another 5% in 2026, bringing them back to pre-pandemic levels.
India is once again expected to the be world’s fastest-growing major economy, expanding at a 6.3% clip this year. But that’s down from 6.5% in 2024 and from the 6.7% the bank had forecast for ...
The World Bank on Tuesday reduced its outlook for both global and U.S. economic growth this year, citing disruptions to global trade stemming from President Trump’s trade war. Global growth in ...
The World Bank's steering committee on Friday endorsed the lender's plans to explore options to expand energy access, including potential financing for nuclear energy, in a move in line with ...
Global economic growth is on track for its weakest decade since the 1960s, according to a new analysis by the World Bank, which cites President Donald Trump’s trade war as a major factor ...
Trump’s trade war won’t just cripple domestic markets—it will slow global gross domestic product growth to its lowest point in 17 years. The World Bank’s Global Economic Prospects report ...
The world’s largest and most influential development bank said on Wednesday it would lift its longstanding ban on funding nuclear power projects. The decision by the board of the World Bank ...