World Bank cuts growth forecast for almost 70% of all economies, citing tariff uncertainty

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Open this photo in gallery: Behala's Westhafen container terminal in Germany in April. The World Bank cut its growth forecast for most economies, including the U.S., China, Europe and six emerging market regions.JOHN MACDOUGALL/AFP/Getty Images The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3 per cent, saying 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 – including the United States, China and Europe, as well as...