World Bank slashes growth outlook on trade concerns
Headline from The Hill
The World Bank on Tuesday reduced its outlook for both global and U.S. economic growth this year, citing disruptions to global trade stemming President Trump’s trade war. Global growth in 2025 is expected to fall to 2.3 percent from a 2.7-percent projection made last year. The outlook for U.S.
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WASHINGTON — President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday
The World Bank says tariffs will hurt global growth, estimating that the trade war will shave almost half a percentage point from world GDP growth this year.
The World Bank on Tuesday reduced its outlook for both global and U.S. economic growth this year, citing disruptions to global trade stemming President Trump’s trade war. Global growth in 2025 is expected to fall to 2.3 percent from a 2.7-percent projection made last year. The outlook for U.S.
