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Citing trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3%

Citing "a substantial rise in trade barriers," the 189-country lender predicted that the U.S. economy — the world’s largest — would grow half as fast this year as it did in 2024.

President Donald Trump speaks during an “Invest in America” roundtable with business leaders at the White House, Monday, June 9, 2025, in Washington. (AP Photo/Evan Vucci)
President Donald Trump speaks during an “Invest in America” roundtable with business leaders at the White House, Monday, June 9, 2025, in Washington. (AP Photo/Evan Vucci)
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It predicted the U.S. economy would grow half as fast as last year.

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