East Asia and Pacific (EAP) outpaced most regions in economic growth in 2024. To sustain this momentum and generate jobs, EAP countries must navigate global uncertainty and tackle long-term challenges ...

The world is shifting from globalization to fragmentation, as countries impose tariffs, trade restrictions, and subsidies to ...

President Donald Trump abruptly left the Group of Seven summit Monday, departing a day early as the conflict between Israel and Iran intensified and the U.S. leader declared that Tehran should be ...

The Bank of Japan kept its interest rates steady on Tuesday and said it would slow the pace of reduction in its bond ...

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its ...

The world’s largest economy is expected to grow by just 1.4% in 2025, a sharp deceleration from the 2.8% expansion recorded ...

A new report by the World Bank claims global economic growth could slow to its weakest level since the 1960s. The report ...

The World Bank says tariffs will hurt global growth, estimating that the trade war will shave almost half a percentage point ...

Citing “a substantial rise in trade barriers’’ but without mentioning Trump by name, the 189-country lender predicted that ...

Global economic growth is on track for its weakest decade since the 1960s, according to a new analysis by the World Bank.

It must be hoped that this is an unlikely, worst-case scenario. The problem, in terms of the fallout for the global economy, is that both sides appear to think they have less to lose than the other.