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’s Global Economic Prospects report found that “international discord” surrounding trade has “upended many of the policy certainties that helped shrink extreme poverty and ...

June 27 (Reuters) - The goal of ending extreme poverty around the globe remains elusive partly due to compounding challenges faced by economies in fragile and conflict-affected situations (FCS) ...

A new report projects that economic growth will slow this year and remain weak in 2024. By Alan Rappeport Reporting from Washington The World Bank said on Tuesday that the global economy remained ...

OUAGADOUGOU, June 27, 2024 – The World Bank today launched (i) the Burkina Faso Economic Update and (ii) the Country Economic Memorandum (CEM).. The Economic Update highlights recent economic trends ...

The World Bank says it will stop publishing its annual Doing Business economic report after an independent investigation found bank leaders placed “undue pressure” on staffers to alter data to ...

The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief. Listen to this article · 3:46 min Learn more. Share full article.

The World Bank on Tuesday slashed its global growth forecast for 2025 by four-tenths of a percentage point to 2.3%, ... The report forecast that global trade would grow by 1.8% in 2025, ...