The World Bank has lowered its global GDP growth forecast for 2025 to 2.3%, the lowest level in five years.

The World Bank has lowered its global GDP growth forecast for 2025 by 0.4 percentage points to 2.3%, the lowest level in 5 years. This would be the weakest growth in 17 years, excluding 2008 and 2020.
In addition, the US economy is expected to grow by 1.4% this year, lower than the earlier forecast of 2.3%. Global economic growth is projected to average 2.5% in the first seven years of this century, the slowest decade since the 1960s.
Overall, the World Bank has lowered forecasts for about 70% of economies, indicating a deteriorating global economic outlook. (The Kobeissi Letter) [Odaily星球日报]