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Political aide to the governor of Gilan Province in northern Iran: Air defenses in Rasht shot down a small hostile drone flying over the city
Israeli media: The presence of General Qaani at the “victory celebrations” in Tehran puts an end to the rumors and earlier reports claiming he had been assassinated
Israeli media: There is division within the US administration itself over the extent of what the strikes on Iran’s nuclear facilities actually achieved
Israeli media: US intelligence also says Iran’s centrifuges remained largely intact
Israeli media: Netanyahu and Trump celebrated too soon, as US intelligence says Iran’s uranium stockpile was not damaged
Israeli Channel 13: The objectives set by Netanyahu for the operation against Iran have not been achieved
Early US intel assessment suggests strikes on Iran did not destroy nuclear sites, CNN reports, citing sources
Israeli media platform: An additional soldier has been confirmed killed in the serious incident in Gaza, who had previously been considered "missing" for some time
Pezeshkian: History will not forget how Iran’s enemies broke their pledges and agreements, resorting to aggression and invasion even during negotiations
Israeli media: Between 14 and 16 soldiers were injured in the incident, which reportedly involved two separate units at the brigade and division level

World Bank: Global growth to slow sharply, worst since 2008

  • By Al Mayadeen English
  • Source: News websites
  • 10 Jun 2025 20:50
2 Min Read

World Bank projects 2.3% global growth in 2025, citing trade tensions and policy uncertainty. Warns of weakest decade since 1960s if trends persist.

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  • The World Bank building, Monday, April 5, 2021, in Washington. (AP)
    The World Bank building, Monday, April 5, 2021, in Washington (AP)

The World Bank warned on Tuesday that the global economy is expected to grow at its weakest pace since 2008, outside of recession periods, due to persistent trade tensions and rising policy uncertainty.

In its latest Global Economic Prospects report, the bank said that “Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions.”

The report revealed that growth forecasts have been revised downward in nearly 70% of economies worldwide, indicating widespread economic strain across all regions.

Global growth is now projected to slow to 2.3 percent in 2025, nearly half a percentage point lower than earlier forecasts made at the start of the year.

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While the report clarified that a global recession is not currently anticipated, it warned that if projections hold, average global growth during the first seven years of the 2020s will mark the slowest pace for any decade since the 1960s.

IMF cuts global growth forecast for 2025

In April, the International Monetary Fund (IMF) lowered its global growth forecast for 2025 to 2.8%, citing the economic impact of Trump tariffs and rising uncertainty. This marks a 0.5% point drop from its January forecast. The IMF expects global growth to rebound slightly to 3.0% next year, still 0.3% points lower than previously projected.

"We are entering a new era as the global economic system that has operated for the last 80 years is being reset," IMF chief economist Pierre-Olivier Gourinchas said during a press briefing in Washington. He warned that continued trade tensions could further dampen global economic performance.

The IMF highlighted that recent tariff increases between the US and China, including the latest hike to 145 percent on Chinese goods, have already slowed global trade growth. While the report includes measures up to April 4, additional tariffs not yet accounted for could further worsen the outlook.

In a separate Global Financial Stability Report, the IMF warned of growing global financial stability risks, driven by tighter financial conditions and heightened economic uncertainty linked to the tariff policies.

  • World Bank
  • economic crisis
  • Global economy
  • International Monetary Fund
  • world economy

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