Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.
Global Economy
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Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.
By Alan Rappeport
Reporting from Washington
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The bank warned that without a swift course correction, the harm to living standards could be ‘deep’.
Global growth is projected to fall to 2.3 per cent due to trade tensions and policy uncertainty, with rising inflation risks…
Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs
"This would mark the slowest rate of global growth since 2008, aside from outright global recessions," the World Bank said of its…
World economic growth will slow to just 2.9% this year and stay there in 2026, according to the OECD's forecast.
Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the…
