Rising U.S. tariffs global growth force World Bank to cut forecasts for 2025 to 2.3%, with Latin America hit hardest as Mexico stalls and Argentina rebounds.
The World Bank announced on Tuesday that rising U.S. tariffs are weighing on both global and Latin American economies. It now expects worldwide growth of just 2.3 percent in 2025—0.4 percentage points below January’s forecast—and growth of 2.3 percent for Latin America and the Caribbean, down 0.2 points from earlier projections.
Global growth forecasts have . . .
