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World Bank to Lower Global GDP Growth Forecast for 2025 to 2.3%, Lowest in 5 Years
Summary: According to The Kobeissi Letter, the World Bank is expected to lower the global GDP growth forecast for 2025 by 0.4 percentage points to 2.3%, the lowest in 5 years. This would be the weakest growth in 17 years, excluding 2008 and 2020. Additionally, the US economy is projected to grow by 1.4% this year, ...
According to The Kobeissi Letter, the World Bank is expected to lower the global GDP growth forecast for 2025 by 0.4 percentage points to 2.3%, the lowest in 5 years. This would be the weakest growth in 17 years, excluding 2008 and 2020. Additionally, the US economy is projected to grow by 1.4% this year, lower than the earlier forecast of 2.3%. The average global economic growth for the first seven years of this century is expected to be 2.5%, the slowest decade since the 1960s. Overall, the World Bank has downgraded forecasts for about 70% of economies, indicating a deteriorating global economic outlook.
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Link: World Bank to Lower Global GDP Growth Forecast for 2025 to 2.3%, Lowest in 5 Years [Copy]
