«This would mark the slowest rate of global growth since 2008, aside from outright global recessions,» the World Bank said of its forecast.
The World Bank sharply cut its global economic growth projection Tuesday to 2.3% in 2025.
«This would mark the slowest rate of global growth since 2008, aside from outright global recessions», the World Bank said.
It also cut its 2025 growth forecast for the U.S. by 0.9 percentage points to 1.4%, and reduced its euro area GDP expectations by 0.3 percentage points to 0.7%.
The World Bank sharply cut its global economic growth projections Tuesday, citing disruption from trade uncertainty in particular.
It now expects the global economy to expand by 2.3% in 2025, down from an earlier forecast of 2.7%.
«This would mark the slowest rate of global growth since 2008, aside from outright global recessions», the Bank said in its Global Economic Prospects report.
