🌐 The World Bank has downgraded growth forecasts for nearly 70% of all economies worldwide
The bank does not predict a global recession, but the current decade may show the lowest economic growth in more than 60 years. The World Bank has reduced its forecast for global growth in 2025 by 0.4 percentage points due to trade tensions and political uncertainty.
The World Bank also reported that it has changed the poverty line from $2.15 to $3 per person per day. The previous threshold was based on purchasing power parity data from 2017 and was set in 2022. According to the World Bank, at the end of last year, nearly 700 million people, or 8.5% of the world's population, live in extreme poverty (less than $2.15 a day).