The World Bank has downgraded its global growth forecast for 2025 to 2.3 percent, its lowest prediction since the 2008 financial crisis. The change reflects concerns about global economic uncertainty around U.S. tariffs. Growth estimates were cut for 70 percent of economies, including the United States, China and Europe.
00:00Another warning about the world economy. The World Bank has cut its global growth forecast to its lowest level since the 2008 financial crisis, citing uncertainty around U.S. tariffs.
00:12While we are not expecting a global recession, the outlook remains sobering. If our forecasts materialize over the next two years, the first seven years of this decade will register the weakest growth rate since the 1960s.
00:29The World Bank now expects global growth of just 2.3 percent for 2025, down nearly half a percentage point from its January prediction.
00:39It also cut its growth estimates for 70 percent of economies, including the United States, China and Europe.
00:46Taiwan isn't included in the World Bank's country-by-country analysis because it lacks official membership, but its economic performance is counted in the global growth figures.
Be the first to comment