World Bank cuts 2025 global growth forecast to 2.3% due to trade barriers and tensions.

The World Bank has lowered its global growth forecast for 2025 to 2.3%, down from 2.7% projected in January, due to increased tariffs, trade restrictions, and geopolitical tensions. This downgrade also affects India's forecast, reducing it to 6.3% for 2025-2026. The bank warns that without policy changes, growth prospects are unlikely to improve significantly.