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Graphic Truth: 2025 global growth projections

The World Bank projects global economic growth will slow to 2.3% in 2025, down from the 2.7% clip forecast in January, as a result of trade wars launched largely by the US. While the global economy will avoid recession, the report also warns that economic growth is on track for its weakest decade since the 1960s. Here’s a look at three key figures from the report.

- YouTube

Global economic outlook: Is a recession already here?

“We’re heading toward a substantial U.S. recession,” said Robert Kahn, Eurasia Group’s Managing Director, Global Macro. “We may even be in one now.”

That notion challenges the official economic outlook released this week by the International Monetary Fund, which was more cautious in its assessment. However, it more closely mirrors what experts are saying in the halls at the IMF-World Bank Spring Meetings currently underway in Washington, D.C.

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Trump in front of a downward trending graph and economic indicators.

Jess Frampton

America is souring on Trumponomics. Trump may not care.

For someone who campaigned on lowering grocery prices on day one and rode widespread economic discontent to the White House, Donald Trump sure seems bent on pursuing policies that will increase that discontent.

If you don’t believe me, take it from the president himself, who refused to rule out a recession last Sunday and acknowledged that his sweeping tariff plans would cause “a little disturbance.” But, he added, “we are okay with that.”

Are we okay with that, though?

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- YouTube

Ian Bremmer on the forces behind the geopolitical recession

Ian Bremmer's Quick Take: A Quick Take for you today. I want to talk to you about the geopolitical recession that we, the world, are now in. What is a geopolitical recession you ask?

Well, economic recessions you kind of understand. We have boom cycles and bust cycles. They happen frequently. So frequently that we even have solid measurements for when an advanced industrial economy is in a technical recession. That's two quarters in a row of negative growth. Or when the world is experiencing a recessionary year. They happen frequently in the United States since World War II, every seven to 10 years on average. And that means that we have been through many of those cycles, and we can recognize them and we know that we don't like them. We want to respond to them.

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REUTERS/Mohamed Abd El Ghany.

Have the US and Canada managed a soft landing?

Speaking of things looking up. An economic outlook report from Deloitte Canada suggests the country will avoid a recession and begin to recover in the second half of 2024 – assuming the US economy keeps humming along, the Bank of Canada starts cutting interest rates soon, and newcomers keep arriving.
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Specialists tend to the body of a victim outside a damaged shopping center hit by a missile strike in Belgorod, Russia, on Feb. 15, 2024.

REUTERS/Stringer

Hard Numbers: Missiles hit Russian border city, ex-FBI informant in Biden bribe case faces charges, Gaza needs new ‘Marshall Plan,’ UK slips into recession, Bangkok’s air becomes unbreathable

7: At least seven people, including a one-year-old girl, were reportedly killed on Thursday by an apparent Ukrainian missile strike in Belgorod, the closest major Russian city to Ukraine. This is not the first time Belgorod has been targeted amid the Russia-Ukraine war – dozens were killed in a strike there last December, as Ukraine seeks to show that it can still strike Russia, even as Moscow’s forces slowly push forward the front lines in the Donbas. Meanwhile, the US warned that the eastern Ukrainian town of Avdiivka, which has seen some of the worst fighting recently, is at risk of falling into Russian control.

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Security forces keeping watch after mosque explosion

Reuters

Hard Numbers: ISIS-K strikes, ripple effects of Canadian wildfires, eurozone recession, Aussies rescue humpback in distress

11: At least 11 people, including two Taliban officials, were killed and dozens more injured in an explosion in a mosque in northeastern Afghanistan. The Islamic State offshoot has since taken responsibility for the blast. For more on ISIS-K and its ongoing beef with the Taliban, see our explainer here.

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Episode 3: Inflation Nations: What to know about inflation and interest rates

Transcript

Listen: "During the course of this year, the Fed will not be concerned only with inflation as the months go by; increasingly the pendulum will shift, and they'll be concerned about the employment part of their mandate as well," says Charlie Reinhard, Head of Investment Strategy for North America at Citi Global Wealth Investments.

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