Washington: The World Bank on Tuesday lowered its global growth forecast for 2025 to 2.3%, emanating from ongoing global trade tensions, while warning that the current decade will witness the weakest growth in sixty years.
In its Global Economic Prospects report, the bank stated that global growth will reach 2.3% this year, a decline of 0.4 percentage points compared to the international financial institution's forecast for early 2025.
It is worth noting that the tariffs imposed by the US on its imports from several countries in recent months have caused trade tensions and uncertainty in the global economic community.
