World Bank Predicts Trump's Policies Will Cause Worst Global Economic Decade Since 1960s

World Bank's Dire Economic Forecast

• 🌍 The World Bank has released a prediction assessment indicating that Donald Trump's policies are severely damaging the global economy.
• 📉 This assessment suggests we are heading towards the worst decade of economic growth in 60 years, a situation not seen since the 1960s.
• ⚠️ The primary driver identified for this downturn is Trump's trade war, which has already brought economic development in poorer nations to a standstill.

Impact on Global and US Economies

• 📊 Global growth is forecasted to drop from 2.8% last year to 2.3%, a significant decline attributed to tariffs imposed by the US President.
• 📉 While a global recession is not expected, the report highlights that the United States is on a path to recession, with slowing job growth and potential negative growth in the first two quarters of the year.
• 📌 The World Bank chief economist warns that without a swift course correction, the harm to living standards could be deep.

Trump's Economic Incompetence

• 🎯 The transcript asserts that Trump's policies, implemented within his first five months in office, are responsible for tanking the global economy.
• 🧠 The speaker criticizes Trump's gross incompetence as the root cause of this economic disruption and destruction.
• 💡 The report explicitly states that had Trump not implemented tariffs, the global economy would not be in this precarious situation.