World Bank
  • Cuts US growth forecast by 0.9 pp to 1.4%, cuts 2026 forecast by 0.4 pp
  • Advanced economies growth seen at 1.2% vs 1.7%
  • Eurozone seen at 0.7% vs 1.0%
  • Emerging and developing economies seen at 3.8% vs 4.1%
  • China forecast unchanged at 4.5%, notes that Beijing has fiscal space
  • Current decade could see slowest growth in over 60 years

That's a big cut to US growth and the World Bank notes that its forecast are lower for 70% of economies. These numbers are depressing.

Source: Forex Live