World Bank Lowers 2025 Global GDP Growth Forecast to 2.3 Percent, the Lowest in Five Years
According to a report by Jinse Finance, the World Bank has lowered its forecast for global GDP growth in 2025 by 0.4 percentage points to 2.3%, marking the lowest level in five years. This would represent the weakest growth in 17 years, excluding 2008 and 2020. Additionally, the U.S. economy is now expected to grow by 1.4% this year, down from the earlier forecast of 2.3%. The average global economic growth rate for the first seven years of this century is projected to be 2.5%, making it the slowest decade since the 1960s. Overall, the World Bank has downgraded forecasts for about 70% of economies, indicating a deteriorating global economic outlook. (The Kobeissi Letter)
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