World Bank Lowers 2025 Global GDP Growth Forecast to 2.3%

According to BlockBeats, the World Bank has revised its 2025 global GDP growth forecast downward by 0.4 percentage points to 2.3%, marking the lowest level in five years. This would represent the weakest growth in 17 years, excluding the downturns of 2008 and 2020. Additionally, the U.S. economy is expected to grow by 1.4% this year, a decrease from the earlier prediction of 2.3%. The global economic growth rate for the first seven years of this century is projected to average 2.5%, making it the slowest decade since the 1960s. Overall, the World Bank has downgraded forecasts for approximately 70% of economies, indicating a deteriorating global economic outlook.