Global Growth to Remain Subdued in 2025 Amid Uncertainty, UN Report Warns
January 9, 2025
The United Nations has released a new report warning that global economic growth will remain subdued in 2025, with a number of factors contributing to the uncertainty surrounding the outlook.
The report, titled “World Economic Situation and Prospects 2025,” forecasts that global GDP will grow by just 2.5% in 2025, down from 3.0% in 2024. This would mark the slowest pace of growth since the global financial crisis of 2008-09.
The report highlights a number of factors that are weighing on the global economy, including:
- Lingering uncertainty about the COVID-19 pandemic: While the pandemic is now receding in most parts of the world, it is still having a significant impact on supply chains and consumer confidence.
- The ongoing war in Ukraine: The conflict in Ukraine is disrupting trade flows and driving up energy and food prices.
- High inflation: Inflation has been rising in many countries around the world, eroding the purchasing power of consumers and businesses.
- Rising interest rates: Central banks are raising interest rates in an effort to combat inflation, which is making it more expensive for businesses and consumers to borrow money.
The report also notes that the global economy is facing a number of long-term challenges, including:
- Climate change: Climate change is having a significant impact on the global economy, causing extreme weather events and disrupting supply chains.
- Technological disruption: The rapid pace of technological change is disrupting industries and labor markets.
- Demographic changes: The global population is aging, which is putting pressure on healthcare and pension systems.
The report concludes by calling on governments to take action to address these challenges and promote sustainable economic growth. It recommends that governments:
- Invest in infrastructure, education, and healthcare.
- Promote trade and investment.
- Support vulnerable populations.
- Adopt policies that mitigate climate change.
The report also warns that the global economy is at a “critical juncture,” and that the actions taken by governments in the coming months will have a significant impact on the world’s economic outlook.
Global growth to remain subdued in 2025 amid uncertainty, UN report warns
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