The World Bank has significantly reduced its global growth forecast for 2025 to 2.3 percent, affected by trade tensions and increased policy uncertainty stemming from U.S. tariffs. Nearly 70% of economies were downgraded in their projections, marking the weakest performance in 17 years outside global recessions. Chief economist Indermit Gill emphasized that without a prompt policy correction, living standards could be severely impacted. Projections indicate that by 2027, global GDP growth may only average 2.5 percent, representing the slowest growth rate of any decade since the 1960s.
The World Bank has slashed its 2025 global growth forecast to 2.3 percent, down from 2.7 percent, citing trade tensions and policy uncertainty.
The forecasts for nearly 70 percent of all economies have been lowered, with global GDP growth expected to average 2.5 percent in the 2020s.
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