World Bank sharply cuts global growth outlook on trade turbulence
1. World Bank cuts global growth forecast to 2.3% for 2025. 2. U.S. growth projection reduced to 1.4%, down 0.9 percentage points. 3. Trade uncertainty impacts global economic outlook significantly. 4. Long-term trade agreements could improve growth by 0.2 percentage points. 5. OECD also expects global growth to slow due to trade concerns.