Analysis Crypto by Thebittimes.Com

The World Bank growth forecast for 2025 has been slashed to just 2.3%, which is down from an earlier 2.7% that was projected back in January, and this marks what officials are calling the weakest performance in 17 years outside of global recessions. This rather dramatic reduction reflects mounting global economic slowdown pressures, as well as emerging markets risk, and also regulatory uncertainty 2025 that could potentially threaten worldwide stability. The downgrade also takes into account crypto market volatility impacts as trade tensions reshape the global economy in ways we haven’t seen before. Also Read: De-Dollarization: Wall Street Banks Forecast Further US Dollar Weakness Global Slowdown, Crypto Volatility, and 2025 Regulatory Threats Source: Watcher.Guru Trade Tensions Drive World Bank Growth Forecast 2025 Cuts The World Bank growth forecast for 2025 revision follows Trump’s universal 10% tariff implementation on nearly all US trading partners back in April, and th...

The rupee has once again dropped, hitting a record low against the US dollar, slumping to hit 84.71 against the USD. The US dollar is currently sitting at 106, up 0.42% in the early, around 12:26 IST time. Also Read: Cardano: Can ADA Break The $2 Price Ceiling By Mid December 2024? Currency Update: Indian Rupee Records New Lows, What Happened? Image Courtesy: Pixabay The Indian rupee recorded a new blow to its valuation on Monday. The early hours of trading reported a staggering outlook of the rupee, displaying a noteworthy drop in its valuation. The INR is currently sitting at 84.61, hitting a new low against the USD. The drop in INR has been primarily spurred by the slow economic growth data that has recently been released. The fresh statistics have revealed that the Indian economy has slowed much more than the anticipated markers, likely pushing the Reserve Bank of India to intervene and cut rates. The INR is already battered due to equity outflows that are triggered by the recent e...