The World Bank has revised its growth projections downward for both 2025 and 2026, citing concerns over rising tariffs and economic uncertainty. In its June report, the organization cut its forecast for real gross domestic product (GDP) growth in 2025 to 2.3%, a reduction of 0.4 percentage points from its January estimate. Similarly, the 2026 forecast was lowered to 2.4%, down 0.3 percentage points from the previous prediction. The World Bank’s Global Economic Prospects report highlighted that increased tariffs have contributed to a slowdown in global economic growth, negatively impacting most economies worldwide.
— new from Barron’s
