Global Economy on Track for Worst 5 Years of Growth in 3 Decades
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Global Economy on Track for Worst 5 Years of Growth in 3 Decades
Global Economy on Track for , Worst 5 Years of Growth , in 3 Decades.
The World Bank recently warned that
the global economy is headed toward its
worst half decade of growth in over 30 years.
CNBC reports that global growth
has been forecast to slow for the
third consecutive year in 2024.
.
The World Bank said in its latest
'Global Economic Prospects' report that global
growth dropped from 2.4% to 2.6% in 2023.
In 2025, the organization predicts growth will rise
marginally to 2.7%, while acceleration is expected
to remain well below the average rate of the 2010s.
The World Bank warned that heightened
geopolitical tensions present challenges
that threaten to leave many economies with
slower growth than in the previous decade.
You have a war in Eastern Europe,
the Russian invasion of Ukraine.
, Ayhan Kose, World Bank deputy chief economist
and director of the Prospects Group, via CNBC.
Escalation of these conflicts could
have significant implications for
energy prices that could have
impacts on inflation as well
as on economic growth, Ayhan Kose, World Bank deputy chief economist
and director of the Prospects Group, via CNBC.
The World Bank went on to warn that without
a "major course correction," the 2020s will be
remembered as "a decade of wasted opportunity.".
Near-term growth will remain weak,
leaving many developing countries
— especially the poorest — stuck in
a trap: with paralyzing levels of debt
and tenuous access to food for
nearly one out of every three people, Indermit Gill, World Bank Group chief economist
and senior vice president, via CNBC.
Near-term growth will remain weak,
leaving many developing countries
— especially the poorest — stuck in
a trap: with paralyzing levels of debt
and tenuous access to food for
nearly one out of every three people, Indermit Gill, World Bank Group chief economist
and senior vice president, via CNBC.
The bank stressed that the world's goal of making
the 2020s a "transformative decade" appears to be
failing, but governments still have time to act.
.
Investment booms have
the potential to transform
developing economies and
help them speed up the energy
transition and achieve a wide
variety of development objectives, Ayhan Kose, World Bank deputy chief economist
and director of the Prospects Group, via CNBC.
Investment booms have
the potential to transform
developing economies and
help them speed up the energy
transition and achieve a wide
variety of development objectives, Ayhan Kose, World Bank deputy chief economist
and director of the Prospects Group, via CNBC
BRICS Summit 2025: India takes center stage at the BRICS 2025 Summit in Rio de Janeiro as Prime Minister Narendra Modi leads a powerful charge from the Global South against Trump’s aggressive tariff policy. With 10 nations participating—including new member Indonesia—this year’s summit focuses on fair global governance, climate action, and reforming outdated world institutions like the UN, WTO, and World Bank. As the world’s fastest-growing major economy, India is pushing for a more equitable trade system and calling for collective resistance against economic coercion. Modi’s leadership is not only uniting BRICS but also redefining it—asserting India as the democratic anchor of a bloc once overshadowed by China. India’s role in the New Development Bank and its calls for tech cooperation, sustainable development, and regional peace underscore its rising influence in shaping a new world order.
#ModiLeadsBRICS #IndiaBRICS2025 #GlobalSouth #ModiVsTrump #TrumpTariffs #BRICSvsG7 #ModiDiplomacy #IndiaGeopolitics #BRICSSummit #UNReform #WTOReform #NewWorldOrder #IndiaForClimate #ModiInRio #SouthSouthCooperation #BRICSLeadership #IndiaGlobalVoice #ModiTakesLead #BRICSPower #ModiGlobalChampion #BRICSSummit2025
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World Bank data reveals India ranks fourth globally in income equality, boasting a Gini Index of 25.5 in 2022. This places India ahead of China, the United.. IndiaTimes
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Syria’s former Foreign Minister Farouk Al-Sharaa has agreed—under a secret deal—to drop Damascus’s longstanding claim to the Golan Heights in exchange for undisclosed political and security guarantees from Israel. If confirmed, the move would mark a historic shift in Middle East geopolitics, potentially opening the door to broader normalization between the two countries.
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Greece suspends asylum claims for migrants arriving by sea from North Africa, PM Mitsotakis says
Greece continues to be a key entry point to the EU for people escaping conflict and hardship in the Middle East, Africa and Asia.
READ MORE : http://www.euronews.com/2025/07/09/greece-suspends-asylum-claims-for-migrants-arriving-by-sea-from-north-africa-pm-mitsotakis
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Credit: euronews (in English) Duration: 02:09Published
The United States has confirmed it is sending another Patriot air defense system to Ukraine to help the war-torn nation counter Russia's escalating aerial assaults. This decision comes as former President Donald Trump issued a strong statement, bashing Russian President Vladimir Putin for his aggressive military strategy. For months, Ukraine has pleaded for more advanced air defense, as the previous freeze in U.S. military aid allowed Russian warplanes to dominate the skies and launch devastating strikes with ballistic missiles like the Iskander and the hypersonic Kinzhal.
The Patriot system is considered Ukraine's only reliable and effective shield against these specific high-speed threats. Its advanced radar and PAC-3 MSE interceptors are critical for protecting high-value targets, including the capital city of Kyiv, and vital energy infrastructure that Russia has systematically targeted. President Volodymyr Zelenskyy has stated that Ukraine needs more of these systems, as the current six to eight units leave vast areas of the country exposed to Russian attacks.
However, the deployment is not without risks. Each Patriot missile costs between $2-4 million, and Russia actively targets these valuable systems on the battlefield. The U.S. itself has a limited global inventory of Patriot units, balancing urgent requests from Ukraine with strategic commitments to allies in the Middle East and the South China Sea. This deployment signals a critical phase in the Russia-Ukraine war, testing both Ukrainian resilience and American strategic resolve.
#RussiaUkraineWar
#PatriotSystem
#DonaldTrump
#BreakingNews
#USPolitics
#Zelenskyy
#Putin
#WorldNews
#OneindiaNews
#Geopolitics
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