The World Bank warns that global growth is heading for its slowest year outside recessions since 2008—just 2.3% in 2025, down from an earlier 2.7%.
- Forecasts trimmed for nearly 70% of economies, including the U.S., China & Europe,
- Rising tariffs (especially from U.S.) + uncertainty slowing trade growth to ~1.8%
- Emerging markets projected at ~3.8%; poor countries risk long road to recovery
- Global inflation may stay high (~2.9%) despite sluggish growth
👉 Why these matters: Slower economies mean tighter job markets, lower investments, and potential cost-of-living hiccups.
Source: abc.net.au+2reuters.com+2businessinsider.com+2
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