India, June 11 -- Downward revision to global Gross Domestic Product (GDP) growth, thanks to the trade policy uncertainty unleashed by US President Donald Trump, has become the norm for multilateral institutions this year. The World Bank's Global Economic Prospects (GEP) report, released on Tuesday, has kept with the trend bringing down its global GDP growth forecast for 2025 by almost half a percentage point to 2.3%.

Where GEP paints a grim picture, however, is in drawing attention to the fact that things weren't exactly great even before Trump 2.0 shocked the world. Statistics speak for themselves. Global growth has been falling for a long time. This trend is in keeping with a slowdown in global trade, foreign direct investment (FDI) t...