you are currently viewing::The Global Economy Enters a New EraApril 22, 2025-Amid trade tensions and high policy uncertainty, the path forward will be determined by how challenges are confronted and opportunities embraced
Since late January, a flurry of tariff announcements by the United States, which started with Canada, China, Mexico and critical sectors, culminated with near universal levies on April 2. The US effective tariff rate surged past levels reached during the Great Depression while counter-responses from major trading partners significantly pushed up the global rate. Source: IMF.org |
July 29, 2025--Global growth expected to decelerate as trade-related distortions wane
Global current account balances widened by a sizable 0.6 percentage points of world GDP in 2024.
Global growth is projected at 3.0 percent for 2025 and 3.1 percent in 2026, an upward revision from the April 2025 World Economic Outlook.
July 25, 2025-Executive summary
Productivity growth remained subdued in 2023 and 2024 amid a shifting geopolitical and economic landscape
Productivity growth remained subdued in 2023 and 2024 amid a shifting geopolitical and economic landscape