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of <h1>World Bank Slashes Global Growth Forecast to 2.3%, Citing Trade Barriers and Economic Challenges</h1> The World Bank significantly reduced its global economic growth forecast to 2.3% for the current year, attributing the downgrade to escalating trade barriers. The United States economy is expected to grow at only 1.4%, half its previous year's rate. The bank's chief economist warns of potential economic turbulence and risks to living standards without prompt corrective measures.
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