WORLD BANK / GLOBAL ECONOMIC PROSPECTS

Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. WORLD BANK

• Video Length: 00:02:28
• Production Date: 10 June 2025
• Asset Language: English
• Corporate Name: WORLD BANK
• Subject Topical: ECONOMIC GROWTH
• MAMS Id: 3406275
• Parent Id: 3406275
• Alternate Title: unifeed250609i

Description

STORY: WORLD BANK / GLOBAL ECONOMIC PROSPECTS
TRT: 02:28
SOURCE: WORLD BANK GROUP
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 06 JUNE 2025, WASHINGTON DC / FILE

Shotlist

FILE – WASHINGTON D.C.

1. Various shots, World Bank HQ in Washington DC

06 JUNE 2025, WASHINGTON DC

2. SOUNDBITE (English) Ayhan Kose, Deputy Chief Economist and Director of the Prospects Group, World Bank:
“We are expecting global growth to slow to 2.3 per cent this year. This will be the slowest pace since 2008. Outside of global recession. While we are not expecting a global recession, the outlook remains sobering. If our forecasts materialize over the next two years, the first seven years of this decade will register the weakest growth rate since 1960s.”

FILE – VIETNAM

3. Various shots, warehouse

06 JUNE 2025, WASHINGTON DC

4. SOUNDBITE (English) Ayhan Kose, Deputy Chief Economist and Director of the Prospects Group, World Bank:
“Developing economies are facing a triple threat – high debt, sluggish trade, and mounting uncertainty. This year, 60 per cent of these economies are going to see weaker growth. We are expecting growth to be around 3.8 per cent this year, inching up to 3.9 per cent over the next two years. These growth rates are well below the pace necessary to meet development goals.”

FILE – TOGO, 2023

5. Various shots, agriculture process

06 JUNE 2025, WASHINGTON DC

6. SOUNDBITE (English) Ayhan Kose, Deputy Chief Economist and Director of the Prospects Group, World Bank:
Slower growth has real consequences. It will make it harder for developing countries to create jobs, lift people out of poverty, and get closer to income levels of advanced economies. In other words, weaker growth means development delayed and opportunities denied.

FILE - DAKAR, SENEGAL, 2022

7. Various shots, port

06 JUNE 2025, WASHINGTON DC

8. SOUNDBITE (English) Ayhan Kose, Deputy Chief Economist and Director of the Prospects Group, World Bank:
“There is a way forward, but it requires bold action. Global cooperation, domestic reforms, and deeper integration can turn the tide. Developing countries should establish strategic partnerships, deepen their trade linkages, and basically improve their fiscal space. In a more fragmented world, we need more cooperation – it's not optional, it is essential for prosperity.”

FILE – WASHINGTON D.C.

9. Wide shot, World Bank HQ in Washington DC

Storyline

Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted in growth forecasts being cut in nearly 70 per cent of all economies—across all regions and income groups.

Global growth is projected to slow to 2.3 percent in 2025, nearly half a percentage point lower than the rate that had been expected at the start of the year. A global recession is not expected. Nevertheless, if forecasts for the next two years materialize, average global growth in the first seven years of the 2020s will be the slowest of any decade since the 1960s.