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Behind the Bleak Growth Scenario
Hindustan Times Jammu
|June 12, 2025
World Bank paints a grim picture of the global economy. However, the solutions it proposes to address this are underwhelming
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Downward revision to global Gross Domestic Product (GDP) growth, thanks to the trade policy uncertainty unleashed by US President Donald Trump, has become the norm for multilateral institutions this year. The World Bank's Global Economic Prospects (GEP) report, released on Tuesday, has kept with the trend bringing down its global GDP growth forecast for 2025 by almost half a percentage point to 2.3%.
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