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World Facing 'Most Complex' Geopolitical Situation in Decades: WEF Chief
The Straits Times
|June 25, 2025
The world is facing the "most complex" geopolitical situation seen in decades, the head of the World Economic Forum (WEF) told AFP on June 24, warning that turmoil was "impacting global growth".
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TIANJIN, China —
"It is the most complex geopolitical and geo-economic backdrop we've seen in decades," WEF president and chief executive Borge Brende said ahead of a meeting of the multilateral forum in the northern Chinese city of Tianjin.
"If we are not able to revive growth again, we can unfortunately see a decade of lower growth," he warned.
Officials including Singapore Prime Minister Lawrence Wong will attend this week's WEF meeting in the port city of Tianjin — known colloquially as the "Summer Davos".
The meeting comes hard on the heels of the US' involvement in the Iran-Israel conflict and follows months in which the global economy has been battered by a tariff war launched by US President Donald Trump.
The World Bank in June cut its forecast for global growth for 2025 from 2.7 per cent to 2.3 per cent, following a similar reduction by the International Monetary Fund.
This story is from the June 25, 2025 edition of The Straits Times.
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