The World Bank recently released a report projecting a significant slowdown in the global economy this year due to President Trump's trade policies causing disruptions in international trade and increasing economic uncertainty. This report emphasizes the consequences of America's trade war on the world economy.

Despite the projected slowdown, the World Bank does not expect the global economy to enter a recession. However, the ongoing trade tensions are paving the way for the weakest decade of growth since the 1960s, leading to economic stagnation in many of the world's poorest regions.

According to the Global Economic Prospects report by the World Bank, global output growth is anticipated to decrease to 2.3 percent in 2025 from 2.8 percent in the previous year. This forecast is a downgrade from the 2.7 percent growth predicted earlier in January.

In the report, Indermit Gill, the chief economist of the World Bank, highlighted the current turbulence in the world economy, emphasizing the need for a prompt correction in trade policies to prevent further harm to living standards.