IMF Growth Projections: 2025

The world economy is entering a new era, amid tariffs and rising uncertainty. Our WEO revises down global growth to 2.8% in 2025 with trade growth slowing to just 1.7%. Inflation is revised up by about 0.1 percentage point.

Without the April tariffs, global growth forecast would be fairly similar to that projected in January. Under the tariffs, global growth is projected to slow down significantly but remain above recession levels.

See the full blog post here.