World Bank Downgrades Global Growth Forecast to 2.3% (Connecting the Dots: The World Bank, The Trilateral Commission, Jerome H. Powell, The Carlyle Group, The Federal Reserve, The Economic Club of Washington, The Commercial Club of Chicago, The Brookings Institution (think tank) & Soros Funding, All Networking)
Newsmax.com
Tuesday,
10 June 2025 10:40 AM EDT
(Tudor Antonel Adrian/Dreamstime)
https://www.newsmax.com/finance/streettalk/world-bank-global/2025/06/10/id/1214288/
President
Donald Trump’s trade wars are expected to slash economic growth this year in
the United States and around the world, the World Bank forecast Tuesday.
Citing
“a substantial rise in trade barriers’’ but without mentioning Trump by name,
the 189-country lender predicted that the U.S. economy – the world’s largest –
would grow half as fast (1.4%) this year as it did in 2024 (2.8%). That marked
a downgrade from the 2.3% U.S. growth it had forecast back for 2025 back in
January.
The
bank also lopped 0.4 percentage points off its forecast for global growth this
year. It now expects the world economy to expand just 2.3% in 2025, down from
2.8% in 2024.
In a
forward to the latest version of the twice-yearly Global Economic Prospects
report, World Bank chief economist Indermit Gill wrote that the global economy has
missed its chance for the “soft landing’’ — slowing enough to tame inflation
without generating serious pain — it appeared headed for just six months ago.
“The world economy today is once more running into turbulence,” Gill wrote.
“Without a swift course correction, the harm to living standards could be
deep.’’
America’s
economic prospects have been clouded by Trump’s erratic and aggressive trade
policies, including 10% taxes — tariffs — on imports from almost every country
in the world. These levies drive up costs in the U.S. and invite retaliation
from other countries.
Connecting
the Dots:
Ajay Banga
is the president of
the World Bank and a member of the Trilateral Commission.
Ajay
Banga
https://en.wikipedia.org/wiki/Ajay_Banga
Ajaypal Singh "Ajay" Banga (born November 10, 1959[1]) is an
Indian American business executive.[2] He is the president of the World Bank Group.[3]
He was the executive chairman of Mastercard, after having previously been
president and chief executive officer (CEO) of the company from July 2010 until
December 31, 2020.[4][5] He retired from this position on December 31, 2021,
and joined General Atlantic as its vice chairman.
Trilateral Commission,
member.
Dominic Barton is
a member of the Trilateral Commission and a trustee at the Brookings
Institution (think tank).
Alan R. Batkin is
a member of the Trilateral Commission and a trustee at the Brookings
Institution (think tank).
William T.
Coleman Jr. is a member of the Trilateral Commission and an
honorary trustee at the Brookings Institution (think tank).
Kenneth M.
Duberstein is an executive committee member for the Trilateral
Commission and a trustee at the Brookings Institution (think tank).
Richard N. Haass is
a member of the Trilateral Commission and was a VP for the Brookings
Institution (think tank).
Thomas R. Pickering is a member of the Trilateral Commission and a distinguished fellow at the Brookings Institution (think tank).
James B. Steinberg is a member of the Trilateral Commission,
was the deputy secretary of state for the Barack Obama
administration and a director, foreign policy studies for the Brookings
Institution (think tank).
Lawrence H.
Summers is a member of the Trilateral Commission, was the
National Economic Council chairman for the Barack Obama administration
and a trustee at the Brookings Institution (think tank).
Strobe Talbott is
an executive committee member for the Trilateral Commission
and the president of the Brookings Institution (think tank).
Daniel H. Yergin is
a member of the Trilateral Commission and a trustee at
the Brookings Institution (think tank).
Lael Brainard was
a member of the Trilateral Commission, the treasury undersecretary
for the Barack Obama administration and a VP & director at
the Brookings Institution (think tank).
James
A. Johnson was a member of the Trilateral Commission
and is an honorary trustee at the Brookings Institution (think tank).
Klaus
Kleinfeld was a member of the Trilateral Commission
and is a trustee at the Brookings Institution (think tank).
Susan E. Rice was
a member of the Trilateral Commission, the former U.S.
ambassador to UN for the Barack Obama administration, the White
House national security adviser for the Barack Obama administration
and a senior fellow at the Brookings Institution (think tank).
Jessica
Tuchman Mathews was a member of the Trilateral Commission
and an honorary trustee at the Brookings Institution (think tank).
Thomas E. Donilon was
a member of the Trilateral Commission, the White House deputy
national security adviser for the Barack Obama administration and a
trustee at the Brookings Institution (think tank).
David M.
Rubenstein is a member of the Trilateral Commission, a
co-chairman for the Brookings Institution (think tank), the
president of the Economic Club of Washington and a co-founder &
co-CEO for the Carlyle Group.
Jerome H. Powell (Jay) was
a partner at the Carlyle Group and is the Chairman for
the Federal Reserve System.
Edward J. Mathias is
a managing director at the Carlyle Group and a director at
the Economic Club of Washington.
Vernon E. Jordan
Jr. was the president of the Economic Club of Washington
and is an honorary trustee at the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society.
Indermit Gill is a nonresident senior fellow in
the Global Economy and Development program at the Brookings Institution
(think tank) and the World Bank Group's Chief Economist and also
their Senior Vice President for Development Economics.
Indermit
Gill
https://www.brookings.edu/people/indermit-gill/
Indermit
Gill is a nonresident senior fellow in the Global Economy and Development
program at the Brookings Institution.
Indermit
Gill
https://en.wikipedia.org/wiki/Indermit_Gill
Indermit Gill is an Indian-American economist who has worked on economic growth, poverty, institutions, conflict, and climate change. He is the World Bank Group's Chief Economist and also their Senior Vice President for Development Economics. He has previously worked at Duke University, the Brookings Institution, Georgetown University and the University of Chicago.
A.W. Clausen was the president of the World Bank and an
honorary trustee at the Brookings Institution (think tank).
David Dollar was
a country director for China and Mongolia for the World
Bank and is a senior fellow at the Brookings Institution (think
tank).
Robert S. McNamara was
the president of the World Bank and an honorary trustee at
the Brookings Institution (think tank).
Ngozi
Okonjo-Iweala was a managing director at the World Bank, a
visiting fellow at the Brookings Institution (think tank), and is a
member of the Bretton Woods Committee.
James D.
Wolfensohn was the president of the World Bank, an
honorary trustee at the Brookings Institution (think tank) and is a
member of the Bretton Woods Committee.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote
Open Society, married in 2013, is a board member for the International
Crisis Group and a member of the Bretton Woods Committee.
Jim Yong Kim was a guest at George Soros’s 2013 wedding and the president of the World Bank.
Mark Malloch-Brown is a co-chair for the International Crisis
Group and was a VP for the World Bank.
Moises Naim was
a board member for the International Crisis Group, an executive
director for the World Bank and is a member of the Bretton
Woods Committee.
Carole Brookins was
a U.S. executive director for the World Bank and is a member of
the Bretton Woods Committee.
E. Patrick Coady was
a U.S. executive director for the World Bank and is a member of
the Bretton Woods Committee.
Peter L. Woicke was
a managing director for the World Bank and is a member of the Bretton
Woods Committee.
David de Ferranti was
a VP for the World Bank and is a member of the Bretton
Woods Committee.
Eli
Whitney Debevoise II was a U.S. executive director for the World
Bank and is a member of the Bretton Woods Committee.
Stanley Fischer was
a chief economist for the World Bank and is a member of the Bretton
Woods Committee.
Robert B. Zoellick was
a president for the World Bank and is a member of the Bretton
Woods Committee.
Jeffrey A.
Goldstein was a managing director & CFO for the World Bank
and is a member of the Bretton Woods Committee.
Caio Koch-Weser was
a managing director operations for the World Bank and is a member
of the Bretton Woods Committee.
Johannes F. Linn was
a VP for the World Bank and is a member of the Bretton
Woods Committee.
Matthew F. McHugh is
a member of the Bretton Woods Committee and was a counselor to the
president for the World Bank.
Strobe Talbott is
a member of the Bretton Woods Committee and the president of
the Brookings Institution (think tank).
A.W. Clausen was
the president of the World Bank and an honorary trustee at
the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote Open Society.
Donald L. Kohn is a senior fellow at the Brookings Institution
(think tank), was the vice chairman for the Federal Reserve Board
and a member of the Federal Open Market Committee.
Alice M. Rivlin is
a senior fellow at the Brookings Institution (think tank) and was
the vice chair for the Federal Reserve Board.
Richard C. Blum is
an honorary trustee at the Brookings Institution (think tank),
married to Senator Dianne Feinstein and an Economic Advisory
Council member for the Federal Reserve Bank of San Francisco.
Louis W. Cabot is
an honorary trustee at the Brookings Institution (think tank) and
was a director at the Federal Reserve Bank of Boston.
Susan M. Collins is
a nonresident senior fellow at the Brookings Institution (think tank)
and a director, Detroit branch for the Federal Reserve Bank of Chicago.
Glenn H. Hutchins is
a trustee at the Brookings Institution (think tank) and a director
at the Federal Reserve Bank of New York.
John C. Whitehead is an honorary trustee at the Brookings Institution (think tank) and was the chairman for the Federal Reserve Bank of New York.
Ben S. Bernanke is a distinguished fellow at the Brookings
Institution (think tank) and was a chairman for the Federal
Reserve Board.
Lael Brainard was
a VP & director for the Brookings Institution (think tank) and
is a member of the Federal Reserve Board.
Karen Dynan was
a VP for the Brookings Institution (think tank) and a senior
adviser for the Federal Reserve Board.
Douglas W.
Elmendorf was a senior fellow at the Brookings
Institution (think tank) and an assistant director, Research and
Statistics for the Federal Reserve Board.
Donald L. Kohn is
a senior fellow at the Brookings Institution (think tank) and
was a vice chairman for the Federal Reserve Board.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote Open Society.
David M. Rubenstein is a co-chairman for the Brookings Institution
(think tank), a trustee at Duke University, the president of
the Economic Club of Washington and a co-founder & co-CEO
for the Carlyle Group.
Vernon
E. Jordan Jr. is
an honorary trustee at the Brookings Institution (think tank), Valerie
B. Jarrett’s great uncle and was the president of the Economic
Club of Washington.
Edward J. Mathias is
a director at the Economic Club of Washington and a managing
director at the Carlyle Group.
Jerome H. Powell (Jay) was
a partner at the Carlyle Group and is the Chairman for
the Federal Reserve System.
Federal Reserve Bank of Chicago is a bank in the Federal Reserve System.
Gregory Q. Brown is a director at the Federal Reserve Bank of
Chicago and a member of the Commercial Club of Chicago.
Charles L. Evans is
the president & CEO for the Federal Reserve Bank of Chicago and
a member of the Commercial Club of Chicago.
William C. Foote is
a director at the Federal Reserve Bank of Chicago and a member
of the Commercial Club of Chicago.
Terry Mazany is
a director at the Federal Reserve Bank of Chicago and a member
of the Commercial Club of Chicago.
Frederick H.
Waddell is a director at the Federal Reserve Bank of Chicago and
a member of the Commercial Club of Chicago.
Anthony K.
Anderson was a director at the Federal Reserve Bank of Chicago and
is a member of the Commercial Club of Chicago.
John A. Canning
Jr. was the chairman for the Federal Reserve Bank of Chicago and
is a member of the Commercial Club of Chicago.
Silas Keehn was
the president for the Federal Reserve Bank of Chicago and is a
member of the Commercial Club of Chicago.
Michael H. Moskow was
the president & CEO for the Federal Reserve Bank of Chicago and
is a member of the Commercial Club of Chicago.
Thomas J. Wilson was
a director at the Federal Reserve Bank of Chicago and is a
member of the Commercial Club of Chicago.
Valerie B. Jarrett is
a member of the Commercial Club of Chicago, Vernon E. Jordan Jr.
great niece, was the senior adviser for the Barack Obama administration
and a board member for the Federal Reserve Bank of Chicago.
Vernon E. Jordan
Jr. is Valerie B. Jarrett’s great uncle, an honorary trustee at
the Brookings Institution (think tank), Valerie B.
Jarrett’s great uncle and was the president of the Economic
Club of Washington.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation
to Promote Open Society.
David M. Rubenstein is a co-chairman for the Brookings Institution (think tank), a trustee at Duke University, the president of the Economic Club of Washington and a co-founder & co-CEO for the Carlyle Group.
Edward J. Mathias is a director at the Economic Club of
Washington and a managing director at the Carlyle Group.
Jerome H. Powell (Jay) was
a partner at the Carlyle Group and is the Chairman for
the Federal Reserve System.
Resources:
Past Research
Audio:
Kerry Warns of Israeli 'Apartheid' at Trilateral Commission (Past Research on the Trilateral Commission)
Wednesday,
April 30, 2014
https://thesteadydrip.blogspot.com/2014/04/audio-kerry-warns-of-israeli-apartheid.html
Fed's
Goolsbee Sees Lower Interest Rates in a Year (Connecting the Dots: Austan D.
Goolsbee, Center for American Progress, The Federal Reserve Bank of Chicago,
The Federal Reserve System, The Commercial Club of Chicago, Jerome H. Powell
(Jay), The Carlyle Group, The Economic Club of Washington & Soros Funding,
All Networking) (Past Research on the Carlyle Group,
Jerome H. Powell & the Economic Club of Washington)
Saturday,
March 29, 2025
https://thesteadydrip.blogspot.com/2025/03/feds-goolsbee-sees-lower-interest-rates.html
Summers:
US Might Just Have 'Lost Role as Underwriter of Global Economic System' (Past Research on the World Bank)
Monday,
April 6, 2015
https://thesteadydrip.blogspot.com/2015/04/summers-us-might-just-have-lost-role-as.html
100
Years of Government Theft (Past Research on the Federal
Reserve)
Monday,
December 23, 2013
https://thesteadydrip.blogspot.com/2013/12/100-years-of-government-theft.html
Fed/Duke
Survey: CFO Optimism Drops on Tariffs (Connecting the Dots: Duke University,
Conference Board, Federal Reserve, Obamacare, Committee for Economic
Development, The Commercial Club of Chicago & Soros Funding, All
Networking) (Past Research on the Federal Reserve
& Jerome H. Powell)
Monday,
March 31, 2025
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