Global Economic Growth at Risk Due to Trade War
June 11, 2025 - 04:00
The World Bank has issued a stark warning regarding the ongoing trade war, predicting that it could significantly hinder global economic growth. According to their latest estimates, the imposition of tariffs is expected to reduce world GDP growth by nearly half a percentage point this year. This decline marks one of the lowest growth rates since the 1960s, highlighting the potential long-term repercussions of escalating trade tensions.
The organization emphasizes that the ripple effects of the trade war will not only impact the economies directly involved but will also reverberate across global markets. Increased tariffs could lead to higher prices for consumers and reduced demand for goods, ultimately slowing down economic activity. The World Bank's assessment serves as a crucial reminder of the interconnected nature of today's economies and the potential consequences of protectionist policies. As nations grapple with the implications of these trade disputes, the call for dialogue and resolution becomes increasingly urgent to protect global economic stability.
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