World Bank downgrades global growth forecast, gives reason
[NigerianEye - Nigeria] - 12/06/2025
Amid worldwide trade tension orchestrated by United States of America President Donald Trump, the World Bank cut its 2025 global growth forecast on Tuesday. The bank reduced its projection for global GDP growth to 2.3 percent in its latest economic prospects report, down from 2.7 percent expected in January. This comes amid Trump’s wide-ranging tariffs, strained ties with countries, and weighed-on economic outlooks. “That’s the weakest performance in 17 years, outside of outright global recessions,” said World Bank Group Chief Economist Indermit Gill. “High levels of policy uncertainty and (…)
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