The World Bank has issued a warning for the global economy, cutting its 2025 growth forecast to just 2.3% the slowest rate in nearly two decades, excluding recession periods.
Key reasons:
• Ongoing trade wars between the U.S., China, and Europe
• High interest rates in developed economies
• Weak consumer demand in developing countries
“We are facing a fragile recovery,” said World Bank president Ajay Banga. “Global cooperation is the only way out.”
Analysts worry that sluggish growth will hit poor nations hardest, potentially leading to political instability and more migration crises in the coming months.
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