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The World Bank has revised down its 2025 global GDP growth forecast to 2.3%, the lowest level in five years
By: theblockbeats.news|2025/07/06 02:16:53
BlockBeats News, July 6th, the World Bank has lowered its 2025 global GDP growth forecast by 0.4 percentage points to 2.3%, the lowest level in 5 years. This will be the weakest growth in 17 years, excluding 2008 and 2020.
Furthermore, the U.S. economy is expected to grow by 1.4% this year, lower than the earlier forecast of 2.3%. The global economic growth rate in the first seven years of this century is expected to average 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. (The Kobeissi Letter)
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