Trade Barriers Slow Global Growth to 2.3%: World Bank Warns of Economic Headwinds

The World Bank’s June 2025 Global Economic Prospects report reveals that global growth will slow to 2.3% in 2025, down from 2.8% last year and below the 2.7% forecast in January. This marks the weakest pace outside of a recession since 2008. The Bank attributes this slowdown to a sharp rise in tariffs and persistent […]