Overview

• The World Bank projects global economic growth to remain at a modest 2.7% for 2025, insufficient to recover from past economic shocks like the COVID-19 pandemic.
• Developing countries face the weakest long-term growth prospects since 2000, with many falling further behind wealthier nations in closing income gaps.
• An estimated 622 million people are expected to remain in extreme poverty by 2030, with hunger and undernutrition impacting a similar number of individuals.
• Proposed U.S. trade tariffs under President Donald Trump could reduce global growth by 0.2 to 0.3 percentage points in 2025, especially if retaliatory measures are implemented.
• Economic risks include persistent inflation, geopolitical conflicts such as the war in Ukraine and unrest in the Middle East, and weak industrial performance in regions like the Eurozone, particularly Germany.