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World Bank slashes global growth forecast as trade tensions bite

The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3 per cent, saying that higher tariffs and heightened uncertainty posed a “significant headwind” for nearly all economies. In its twice-yearly Global Economic Prospects report, the bank lowered its forecasts for nearly 70 per cent of all economies […]


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