World Bank cuts global growth forecast to 2.3% as Trump’s tariffs shake world trade

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As US President Donald Trump’s tariffs on the world and trade war with China have disrupted world trade, the World Bank has cut the global growth forecast to 2.3% from 2.7% for 2025. It said that India would be the fastest-growing major economy. read more A drone view shows a cargo ship and shipping containers at the port of Lianyungang in Jiangsu province, China October 17, 2024. (Photo: Reuters) The World Bank has cut the global growth forecast to 2.3 per cent from 2.7 per cent for 2025. The cut has come at a time when US President Donald Trump’s...