The UN says Trump’s rates and commercial tensions will reduce world economic growth by 0.4% by both 2025 and 2026

Thursday’s United Nations predicts slower Global economic growth This year and next, pointing to the impact of the Out in the United States rates and Increased commercial tensions.

The United Nations economists also cited the volatile geopolitical landscape and the threats of the increase in production costs, the interruptions in the supply chain and the financial turbulence.

“These days, there is so much uncertainty in the air,” said SANTANU MUKHERJE, director of the Division of Economic Analysis and Policies of the United Nations Economic and Social Affairs Department.

“It has been a nervous moment for the global economy,” he told journalists as he launched Midyear’s forecast. “In January of this year, we had been waiting for two years of stable growth, if it is subpar, and since then, perspectives have declined, accompanied by significant volatility in various dimensions.”

The UN now provides for a global economic growth of 2.4% this year and 2.5% next year, a drop of 0.4 percentage points each year of its projections in January. Last year, the global economy grew by 2.9%.

Mukherjee said that the slowdown affects most countries and regions, but among the poorest and least developed countries, growth prospects have dropped from 4.6% to 4.1% since January.

“This results in a loss of billions in economic production for the most disadvantaged countries,” which host more than half of the global population living in extreme poverty.

According to the United Nations report, it is also expected that developed and developing countries in the world.

Economic growth in the United StatesIt is now expected to fall significantly, from 2.8% last year to 1.6% this year, according to the highest rates and political uncertainty is expected to weigh in investment and private consumption.

Growth of ChinaIt is expected that it will slow down to 4.6% this year of 5% by 2024 as a result of the feeling of reduced consumption, the interruptions of their export -oriented manufacturing companies and the continuous challenges in their real estate sector, according to the report.

The growth of the European UnionIt is expected to remain the same this year as last year, only 1%, according to the report, said that it quoted weaker clean exports and higher commercial barriers. The UK’s economic growth of 1.1% last year is expected to fall to 0.9%.

It is also expected to weaken trade, slow down investments and fall in goods prices to erode growth in other major developmental economies, including Brazil, Mexico and South -Africa.

India will continue to be one of the world’s biggest economies in the world, but the UN forecast said its growth will drop from 7.1% to 2024 to 6.3% this year.

The United Nations Global Economic Growth Forecasting isinferior to the international monetary fund.

With a more positive note, Mukherjee said that the UN expects bilateral negotiations to lead to the lower rates, although he said they will not return to the levels before the announcement of United States President Donald Trump.

However, Mukherjee said, resolving uncertainties would help people and companies move forward with economic decisions, and this would have a positive impact on the global economy.

This story originally presented to Fortune.com

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