The World Bank has revised its global economic growth forecast for 2025, projecting a slowdown to 2.3%, down from the earlier estimate of 2.7%. This adjustment reflects escalating trade tensions, particularly the U.S. tariff increases under President Trump, which have disrupted global trade and provoked retaliatory measures. Consequently, global trade growth is expected to decelerate to 1.8%, and inflation is anticipated to remain elevated at 2.9%. Despite these challenges, the risk of a global recession remains low, under 10%. In contrast, Sub-Saharan Africa's growth outlook has been upgraded to 3.8% for 2025, up from 3.5%. This positive revision is attributed to easing inflation, stabilizing currencies, and rebounding private consumption. However, the World Bank cautions that growth remains insufficient to significantly reduce poverty levels in the region. Overall, the global economic landscape in 2025 is characterized by heightened uncertainty and slower growth, with regional disparities influencing the outlook. #GlobalGrowth #WorldBankForecast #TradeTensions #Inflation #SubSaharanAfrica #EconomicOutlook #DevelopingEconomies #RecessionRisk #EconomicSlowdown #PolicyUncertainty
U.S. President Donald Trump has proposed imposing up to 100% tariffs on goods from India and China, aiming to pressure these nations to cease purchasing Russian oil and to counteract de-dollarization efforts. This proposal was made during a high-level meeting with European Union officials, where Trump urged the EU to implement similar tariffs as part of a coordinated strategy to isolate Russia economically. India, a significant importer of Russian energy, faces potential economic repercussions from this proposal. In response, India is considering reducing tariffs on approximately $23 billion worth of U.S. imports to shield itself from Trump's impending reciprocal taxes. This move aims to protect Indian exporters from the 25% tariff announced by Trump earlier this year. The proposed tariffs have elicited concerns from various quarters. The European Union has expressed reservations about implementing such steep tariffs, citing potential disruptions to global trade and economic stability. Additionally, legal challenges loom over the legitimacy of Trump's tariff powers, with U.S. courts previously ruling some of his tariff actions beyond presidential authority. #TrumpTariffs #TradeTensions #IndiaChina #USTradePolicy #GlobalEconomy #DeDollarization #RussiaSanctions #EconomicDiplomacy #TariffWar #InternationalRelations
China's Ambassador to India, Xu Feihong, emphasized the importance of India and China resisting hegemonic practices and power politics. He urged both nations to collaborate and oppose tariff wars, suggesting that economic conflicts would harm regional stability and growth. Xu's remarks underscore China's desire for a cooperative relationship with India, despite ongoing border tensions. The call for unity against hegemonic practices comes amid global trade tensions and shifting power dynamics. China's emphasis on cooperation reflects its broader foreign policy goals and its recognition of India's growing influence on the world stage. The message also serves as a subtle critique of US policies under President Trump, particularly regarding trade tariffs. #ChinaIndiaRelations #HegemonyOpposition #RegionalStability #TradeTensions #EconomicCooperation #ForeignPolicy #GlobalPolitics #BilateralRelations #PowerPolitics #newsone
