New Delhi, June 12 -- The World Bank has lowered global economic growth to 2.3% for 2025. This is 40 basis points less than its January estimate. Mint looks at the factors causing the slowdown, corrective measures that need to be taken and chances of implementing them to accelerate growth.

Also read: Donald Trump open to mending ties with Elon Musk: 'No hard feelings,' but 'a little disappointed'

In 2024, the global economy grew at 2.8%. In January, the World Bank projected 2025 growth at 2.7%. But that looks very distant now. On Tuesday, in its latest economic outlook, it sharply downgraded the growth projection for 2025 to 2.3%. The slowdown has been all-pervasive with 70% of all economies seeing a reduction in growth. Also, the proje...