World Bank predicts worst decade for global growth since 60s

The World Bank predicts the worst decade for global growth since the 1960s due to heightened policy uncertainty and rising trade barriers, exacerbated by Donald Trump's tariffs. With global growth forecast at only 2.3% in 2025 and 2.6% in 2027, two thirds of countries have had their growth forecasts slashed. Though the World Bank downgraded US growth, it praised China's resilience amid global political uncertainty as world leaders grapple with escalating trade tensions.