B2 used to refer to something that exists now:
Under the existing conditions many children are going hungry.
More examples
- The results of the new research would seem to conflict with existing theories.
- I think we can plumb the new bath into the existing pipes.
- The government wants to toughen up the existing drug laws.
- Any new video system that is incompatible with existing ones has little chance of success.
- The new pill will be used alongside existing medicines.
Thesaurus: synonyms and related words