The US, Japan and the euro area are all expected to have lower growth as Trump's tariffs bite.

Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.

Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs

Global growth is projected to fall to 2.3 per cent due to trade tensions and policy uncertainty, with rising inflation risks requiring urgent action.

Selon la Banque mondiale, la croissance mondiale devrait être de 2,3 % en 2025, au lieu de 2,7 % prévus en janvier. La croissance de la décennie 2020 est la plus faible depuis les…

"This would mark the slowest rate of global growth since 2008, aside from outright global recessions," the World Bank said of its forecast.

The bank warned that without a swift course correction, the harm to living standards could be ‘deep’.

The US, Japan and the euro area are all expected to have lower growth as Trump's tariffs bite.