Hey everyone! The International Monetary Fund (IMF) just dropped a surprising update on global growth. According to its latest World Economic Outlook report, rising trade tensions and policy uncertainties are weighing heavy on the world economy.
The new forecast predicts that global GDP will grow by 2.8% in 2025 and 3.0% in 2026—down from the earlier estimate of 3.3% for both years. This is a noticeable slowdown compared to the historical average of 3.7% between 2000 and 2019.
Advanced economies are taking the brunt, with growth expected to be just 1.4% in 2025. In the United States, growth is now forecasted at 1.8%, nearly a full percentage point lower than previous predictions, while the euro area is set for a modest 0.8% growth. 📉
On the other hand, emerging market and developing economies are projected to grow by 3.7% in 2025 and 3.9% in 2026, showing a bit more resilience in these uncertain times.
For young professionals and tech enthusiasts in South Asia and Southeast Asia, even subtle global shifts can impact tech investments, job opportunities, and our everyday lifestyles. Staying in the know helps us navigate these ups and downs and plan smarter for a tech-driven future. Stay curious and keep innovating! 🚀
Reference(s):
IMF slashes global growth forecast amid rising trade tensions
cgtn.com
