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The World Bank has revised down its 2025 global GDP growth forecast to 2.3%, the lowest level in five years

By: theblockbeats.news|2025/07/06 02:16:53

BlockBeats News, July 6th, the World Bank has lowered its 2025 global GDP growth forecast by 0.4 percentage points to 2.3%, the lowest level in 5 years. This will be the weakest growth in 17 years, excluding 2008 and 2020.

Furthermore, the U.S. economy is expected to grow by 1.4% this year, lower than the earlier forecast of 2.3%. The global economic growth rate in the first seven years of this century is expected to average 2.5%, the slowest decade since the 1960s.

Overall, the World Bank has downgraded forecasts for about 70% of economies, indicating a deteriorating global economic outlook. (The Kobeissi Letter)

LetsBonk.fun's "American Party" meme coin surpasses a trading volume of $27 million within 3 hours of its launch

Sonic: Season 1 airdrop claims will be open from July 15th to 22nd