- Cuts US growth forecast by 0.9 pp to 1.4%, cuts 2026 forecast by 0.4 pp
- Advanced economies growth seen at 1.2% vs 1.7%
- Eurozone seen at 0.7% vs 1.0%
- Emerging and developing economies seen at 3.8% vs 4.1%
- China forecast unchanged at 4.5%, notes that Beijing has fiscal space
- Current decade could see slowest growth in over 60 years
- Full report
That’s a big cut to US growth and the World Bank notes that its forecast are lower for 70% of economies. These numbers are depressing and the World Bank says a 10% US tariff could seize up growth in H2.
This article was written by Adam Button at www.forexlive.com.
