{"id":414,"date":"2025-06-10T20:26:30","date_gmt":"2025-06-10T20:26:30","guid":{"rendered":"https:\/\/jobuzo.com\/en\/world-bank-slashes-global-growth-forecast-as-trade-tensions-bite\/"},"modified":"2025-06-10T20:26:30","modified_gmt":"2025-06-10T20:26:30","slug":"world-bank-slashes-global-growth-forecast-as-trade-tensions-bite","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/world-bank-slashes-global-growth-forecast-as-trade-tensions-bite\/","title":{"rendered":"World Bank slashes global growth forecast as trade tensions bite"},"content":{"rendered":"<div>\n<div><\/div>\n<p><span class=\"dateline\">WASHINGTON &ndash; <\/span><\/p>\n<p>The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a &ldquo;significant headwind&rdquo; for nearly all economies.<\/p>\n<p>In its twice-yearly Global Economic Prospects report, the bank lowered its forecasts for nearly 70% of all economies &mdash; including the United States, China and Europe, as well as six emerging market regions &mdash; from the levels it projected just six months ago before U.S. President Donald Trump took office.<\/p>\n<p>Trump has upended global trade with a series of on-again, off-again tariff hikes that have increased the effective U.S. tariff rate from below 3% to the mid-teens &mdash; its highest level in almost a century &mdash; and triggered retaliation by China and other countries.<\/p>\n<\/div>\n<p><sub>World Bank slashes global growth forecast as trade tensions bite<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON &ndash; The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a &ldquo;significant headwind&rdquo; for nearly all economies. In its twice-yearly Global Economic Prospects report, the bank lowered its forecasts for nearly 70% of all economies &mdash; including&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/jobuzo.com\/en\/world-bank-slashes-global-growth-forecast-as-trade-tensions-bite\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;World Bank slashes global growth forecast as trade tensions bite&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=414"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/415"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}