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

Odaily Planet Daily News The World Bank lowered its forecast for global GDP growth in 2025 by 0.4 percentage points to 2.3%, the lowest level in five years. This will be the weakest growth in 17 years except for 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 expected to average 2.5% in the first seven years of this century, the slowest decade since the 1960s. Overall, the World Bank has lowered its forecasts for about 70% of economies, indicating that the global economic outlook is deteriorating. (The Kobeissi Letter)