The weakest in 60 years .. The World Bank reduces its expectations for global growth in 2025
Lower World Bank Global growth expectations in the current year, against the background of Commercial tension , warning that the current contract may record the weakest growth in 60 years." target ="_Blank"> For the International Monetary Fund and the Organization for Cooperation and Development in the economic field that they also reduce growth expectations, which confirms the slowdown in the global economy. "This is the weakest performance of 17 years if we exclude the global recession periods"
added: "Without correcting the path, the repercussions may be very deep". "Because of the high level of the lack of political certainty and the increasing fragmentation in the trade, our expectations for the two years 2025 and 2026 deteriorated."
The World Bank ruled out a recession during the current year, but he saw it "If the expectations are perpetuated for the next two years" The global economy will be known during the first seven years of the current decade the weakest growth rate has recorded since the 1960s.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
