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The world’s most desperate countries are falling further and further behind, their plight worsened by conflicts that are growing deadlier and more frequent.That is the sobering conclusion of the World ...
The World Bank forecasts a significant decline in global commodity prices, predicting a 12% drop in 2025 and another 5% in 2026, bringing them back to pre-pandemic levels.
The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023.
The World Bank said the U.S. economy in 2025 will grow 1.4 percent, 0.9 percentage points slower than its January forecast. It also called for all nations to reduce tariffs.
India is once again expected to the be world’s fastest-growing major economy, expanding at a 6.3% clip this year. But that’s down from 6.5% in 2024 and from the 6.7% the bank had forecast for ...
The bank also lopped 0.4 percentage points off its forecast for global growth this year. It now expects the world economy to expand just 2.3% in 2025, down from 2.8% in 2024.
The World Bank is ending its long-standing ban on providing funding for nuclear energy projects - and will be open to supporting efforts to extend the life of existing reactors and accelerate the ...