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World Bank warns the global economy is barreling toward its weakest decade in 50 years

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The World Bank cut growth forecasts for 70% of global economies.
The World Bank's latest report, released on June 12, 2025, indicates that global economic growth is slowing down, with projections for the year revised to 2.4% from an earlier estimate of 2.7%. The report attributes this deceleration to persistent inflation, geopolitical tensions, and a sluggish recovery in major economies like China and the Eurozone. Despite the overall slowdown, some emerging markets and developing economies are expected to perform better, with growth forecasts for countries like India and Indonesia remaining robust at around 6%. The World Bank warns that without significant policy interventions, the global economy risks falling into a prolonged period of low growth, exacerbating poverty and inequality.

Read the Full Fortune Article at:
[ https://fortune.com/2025/06/12/world-bank-global-economic-growth-slowing-report/ ]