Connect with us

National

World Bank Predicts Worst Decade For Global Growth Since 60’s

WASHINGTON, DC – The World Bank is sounding the alarm on what it says could be the world’s slowest decade of economic growth since the 1960s, and it’s placing much of the blame on U.S. trade policies.

Published

on

WASHINGTON, DC – The World Bank is sounding the alarm on what it says could be the world’s slowest decade of economic growth since the 1960s, and it’s placing much of the blame on U.S. trade policies.

In its latest report, the Bank sharply downgraded growth forecasts for nearly two-thirds of countries, with global growth now expected to hover at just 2.3% next year. That’s a bleak outlook for both developed and emerging economies alike.

Among the hardest hit is the United States, where growth projections were slashed amid rising tariffs and persistent inflation. The report notes that these pressures are shaking investor confidence and dampening economic momentum.

Despite the widespread slowdown, China managed to hold steady in the forecasts. The World Bank cited the country’s strong financial reserves and policy flexibility as key factors allowing it to weather mounting global uncertainty.

As international markets brace for continued instability, the report serves as a stark reminder of how interconnected economies remain, and how policy decisions in one country can ripple across the globe.

Comments
Advertisement
Advertisement

Trending