The global economy is proving to be "more resilient than anticipated," despite persistent trade tensions and political uncertainty, according to the World Bank, which has revised its growth forecasts upward for this year and next to 2.6% and 2.7%, respectively, after substantially improving its forecast for the current year. The organization's new projections, while implying a slight slowdown this year compared to the 2.7% growth rate projected for 2025, also represent a two-tenths of a percentage point improvement compared to the June forecast for 2026. Furthermore, the forecast for 2020-2022...

Donald Trump's trade war is beginning to claim its first victims. Faced with the US administration's threat to impose massive tariffs, the World Bank has lowered its global growth forecasts for 2025, especially in the United States, which is one of the countries most affected by its own trade tariffs.

The combination of slowing economic activity and widespread price rises – a phenomenon known to economists as stagflation – is the main risk to global economic growth, the World Bank warned on Tuesday. The war in Ukraine is the main source of the slowdown in economic activity around the world, which has led the international organisation to revise its growth prospects downwards.