Perhaps not surprisingly, the United States had the sharpest slowing with its growth for 2025 now projected at just 1.4 percent. This should perhaps be expected given that growth was actually a small negative in the first quarter of this year. Just to remind people: The economy grew 2.8 percent last year and was almost universally projected to grow at a comparable rate in 2025. This slowdown in growth really should be considered as Trump’s handiwork.
The other noteworthy item in these projections is that China’s growth is still projected to be 4.5 percent, the same as the World Bank’s prior projection. This means that, at least according to the World Bank, Trump’s tariffs have not done major harm to China’s economy.
https://rwer.wordpress.com/2025/06/13/china-now-projected-to-grow-three-times-as-fast-as-the-united-states/
The other noteworthy item in these projections is that China’s growth is still projected to be 4.5 percent, the same as the World Bank’s prior projection. This means that, at least according to the World Bank, Trump’s tariffs have not done major harm to China’s economy.
https://rwer.wordpress.com/2025/06/13/china-now-projected-to-grow-three-times-as-fast-as-the-united-states/
Real-World Economics Review Blog
China now projected to grow three times as fast as the United States
from Dean Baker The World Bank came out with its updated projections for economic growth for 2025. They showed slower growth for pretty much the whole world. The main factor in the slowing is the t…