The bank also lopped 0.4 percentage points off its forecast for global growth this year. It now expects the world economy to expand just 2.3% in 2025, down from 2.8% in 2024.

Citing 'trade barriers,' the World Bank downgraded the global economic growth forecast to 2.3 per cent this year from 2.8 in 2024, with the U.S. expanding 1.4 per cent.

The bank also lopped 0.4 percentage points off its forecast for global growth this year. It now expects the world economy to expand just 2.3% in 2025, down from 2.8% in 2024.

Expansion in global output is forecast to slow to 2.3 percent in 2025 from 2.8 percent last year, the World Bank said in its Global Economic Prospects report. That is down from the 2.7 percent ...

The country’s central bank said it expects Mexico’s gross domestic product to grow 0.1% this year, ... For 2026, the bank cut its growth forecast to 0.9% from 1.8% previously.

India is once again expected to the be world’s fastest-growing major economy, expanding at a 6.3% clip this year. But that’s down from 6.5% in 2024 and from the 6.7% the bank had forecast for ...

The report forecast that global trade would grow by 1.8 per cent in 2025, down from 3.4 per cent in 2024 and roughly a third of its 5.9 per cent level in the 2000s.

The Bank of Mexico slashed its growth forecasts for Mexico's economy this year and next year, citing sluggish domestic activity and uncertainty related to U.S. trade policy, according to its ...

US President Donald Trump’s trade wars are expected to slash economic growth this year in America and around the world, the World Bank forecast. Citing “a substantial rise in trade barriers” but ...

Citing “a substantial rise in trade barriers” but without mentioning Trump by name, the 189-country lender predicted that the U.S. economy – the world’s largest – would grow half as fast (1.4%) this ...