World Bank Says U.S. Economic Growth to Halve This Year

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 10 June 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for June 10. A new report out from the World Bank says that the U.S. economy this year will slow to half of its 2024 growth rate, with global economic growth slowing more modestly. WSJ economics editor Paul Hannon talks about the drivers of the slowdown, and how it may change. Plus, as markets reeled in the days after President Trump announced his “Liberation Day” tariffs, lawmakers and their families traded stocks heavily, according to a WSJ analysis. We hear from Katy Stech Ferek, who covers Congress for the Journal, about how the rules around trades like these could change in the future. And we exclusively report that U.S. government agencies tracked Elon Musk’s foreign visitors in 2022 and 2023. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.4	Learn more by visiting alpha-sense.com.
0:34.0	The World Bank predicts U.S. economic growth this year will be half of what it was last year
0:39.5	as a result of President Trump's tariff policy.
0:42.2	The World Bank warns that a big further increase in tariffs from where they were at the end of May
0:49.1	would slow the economy fairly significantly.
0:53.3	The cut in tariffs would actually have less of a positive impact.
0:57.5	You know, the reason for that is because there would still be an awful lot of uncertainty.
1:02.1	Plus, members of Congress and their families made hundreds of stock trades as U.S. tariffs were
1:07.3	being rolled out.
1:08.9	And President Trump warns protesters in other cities as Marines arrive
1:13.3	in an on-edge Los Angeles. It's Tuesday, June 10th. I'm Alex Osloaf for the Wall Street Journal.
1:19.7	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:26.2	The U.S. economy might grow half as much as
1:29.5	initially predicted this year, while the global economy is set to suffer a more modest but
1:33.9	still significant slowdown. That's according to a new estimate from the World Bank out today.
1:39.2	For more, I'm joined by WSJ economics editor, Paul Hannan. So in its January report, Paul, the World Bank forecast a 2.3%
1:47.5	increase in U.S. gross domestic product. Now it's expecting just a 1.4% growth, which is a sharp
	...

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