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346 2020s on Course To Be Weakest Decade for Global Economy Since 1960s, Says World Bank

Slashdot
msmash @ Slashdot · 06/10/2025 16:25 EDT

2020s on Course To Be Weakest Decade for Global Economy Since 1960s, Says World Bank

The World Bank sharply reduced its global economic growth forecast for 2025 to 2.3% from 2.7%, warning that the current decade is on track to become the weakest for the global economy since the 1960s. The Washington-based lender attributed the downgrade to mounting costs from "international discord -- about trade, in particular," as Donald Trump's tariff policies create unprecedented uncertainty.

The revised forecast would mark the slowest growth rate outside full-blown recessions since 2008. Even with a.

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