World Bank Warns 2020s Face Weakest Global Growth Since 1960s

The World Bank on Tuesday cut its forecast for global growth this year and warned that the 2020s are on track for the weakest performance for any decade since the first Apollo moon landing because of trade tensions and policy uncertainty.

The Washington-based development lender lowered its 2025 outlook to 2.3%, from 2.7% projected in January. That pace would be the weakest in 17 years, outside of the recessions in 2009 and 2020 created by the shocks of the global financial crisis and Covid-19 pandemic.