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The organization said in its latest report titled “Economic Outlook” that the global economy is expected to grow by 3.2 percent this year and 3.3 percent in 2025 and 2026 as low inflation, job growth and lower interest rates they help to diffuse the effects of financial austerity. policies in some countries.
She added that Global trade It has started to recover after stumbling last year, and its volume growth is expected to reach 3.6 percent next year despite stepped-up measures aimed at limiting the flow of imports.
The organization added: “Escalating trade tensions and increasing moves towards trade protection could disrupt supply chains, raise prices for consumers and negatively impact growth.”
The outlook for global trade has become uncertain since the US president-elect stepped up Donald Trump His calls for tariff increases for various major trading partners.
As a slowdown in the labor market leads to a reduction in consumer spending, the organization expects growth in the United States to slow from 2.8 percent this year to 2.4 percent in 2025 and 2.1 percent in 2026.
Growth in China, the world’s second-largest economy, is expected to slow from 4.9 percent in 2024 to 4.7 percent in 2025 and 4.4 percent in 2026 despite easing… Beijing Monetary and fiscal policy as consumer spending continues to slow.
The organization said most major central banks should continue to conduct monetary policy cautiously as inflation declines, with the exception of Japan.
In light of the pressures facing the public finances of most countries, the organization said that these countries need to take decisive measures to achieve stability of the debt burden.
