ChainThink reports: The World Bank has downgraded its 2025 global GDP growth forecast by 0.4 percentage points to 2.3%, the lowest level in five years. This will be the weakest growth in 17 years, excluding 2008 and 2020. Additionally, it is expected that the US economy will grow by 1.4% this year, lower than the earlier forecast of 2.3%. The average global growth rate in the first seven years of this century is expected to be 2.5%, the slowest decade since the 1960s. Overall, the World Bank has revised down forecasts for about 70% of economies, indicating a deteriorating global economic outlook. (The Kobeissi Letter)