Global economy on track for worst decade since 1960s, World Bank warns

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Global economy on track for worst decade since 1960s, World Bank warns | CNN Business

//business-finance.news-articles.net/content/202 .. e-since-1960s-world-bank-warns-cnn-business.html

Published in Business and Finance on Saturday, June 14th 2025 at 2:40 GMT by CNN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Global economic growth is on track for its weakest decade since the 1960s, according to a new analysis by the World Bank, which cites President Donald Trump's trade war as a major factor weighing on economies worldwide.

2025-06-14 312 x 176 / 112215 Bytes

The World Bank has revised its global economic growth forecast downwards to 2.4% for 2025, citing escalating trade tensions and policy uncertainties stemming from former President Donald Trump's potential re-election and his proposed trade policies. The report highlights that a new trade war, particularly with China, could significantly disrupt global supply chains and increase costs for consumers worldwide. Additionally, the World Bank warns that protectionist measures and increased tariffs could lead to a slowdown in international trade, further exacerbating economic challenges in developing countries. The analysis also notes that geopolitical tensions and domestic political instability in several key economies are contributing to a more cautious outlook for global economic recovery.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/06/10/business/world-bank-global-economy-trump-trade-war-intl ]