The World Bank on Tuesday lowered its global economic growth forecast for this year and warned that due to trade tension and policy uncertainty, the 2020s could be the weakest decade since Apollo landed on the moon. The World Bank lowered its 2025 economic growth forecast to 2.3% from the 2.7% forecast in January. This growth rate will be the weakest in 17 years, excluding the economic downturn in 2009 and 2020 caused by the global financial crisis and the impact of the COVID-19 pandemic. The agency also warned based on current forecasts that the average global economic growth rate for the first seven years of this decade will be 2.5%, which will be the slowest growth rate in any decade since the 1960s.

The World Bank on Tuesday lowered its global economic growth forecast for this year and warned that due to trade tension and policy uncertainty, the 2020s could be the weakest decade since Apollo landed on the moon. The World Bank lowered its 2025 economic growth forecast to 2.3% from the 2.7% forecast in January. This growth rate will be the weakest in 17 years, excluding the economic downturn in 2009 and 2020 caused by the global financial crisis and the impact of the COVID-19 pandemic. The agency also warned based on current forecasts that the average global economic growth rate for the first seven years of this decade will be 2.5%, which will be the slowest growth rate in any decade since the 1960s.