UN Projects Global Economic Growth of 2.8% for 2025
The forecast highlights slowing growth in the U.S. and China, modest recoveries in Europe and Japan, and strong performance in South Asia.
- The United Nations' 2025 economic forecast predicts global growth of 2.8%, consistent with revised estimates for 2024 but below pre-pandemic averages of 3.2%.
- The U.S. economy is expected to slow from 2.8% growth in 2024 to 1.9% in 2025, driven by softer consumer spending and labor market conditions.
- China's growth is projected to decline slightly to 4.8% in 2025, with challenges in the property sector and consumption offsetting public investment and strong exports.
- South Asia, led by India, remains the fastest-growing region, with India forecasted to expand by 6.6% in 2025 due to robust private consumption and investment.
- The UN report emphasizes the need for multilateral action to address global challenges like debt, inequality, and climate change, as monetary easing alone is deemed insufficient to boost growth.