The world economy is on track for its weakest year of growth since the Global Financial Crisis and its worst decade since the 1960s as Donald Trump's trade war batters markets across the planet.
New analysis by the World Bank released this morning predicted that global growth will be just 2.3 per cent in 2025 – down from 2.8 per cent last year to the lowest level since 2008, outside of the worldwide recessions in 2009 and 2020.
It's also a major revision of the World Bank's numbers from earlier in the year, when it had pencilled in a much higher 2.7 per cent uptick for the year.
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