Most of the leading economists around the world feel that the world economy will remain weak in the year 2025, although India will maintain strong growth. This has been said in a report on Thursday. In its latest poll of chief economists, the World Economic Forum said the global economy is set to face significant challenges in 2025, with 56 per cent of chief economists surveyed expecting conditions to weaken, PTI reported. Is. Only 17 percent have expressed hope for improvement.
The outlook for Europe is disappointing
According to the news, the US economy is expected to have strong growth in 2025, and South Asia, especially India, is also expected to maintain strong growth. The report said the outlook for Europe remains gloomy, with 74 percent of respondents predicting weak or very weak growth this year. The prospects for China also do not seem to be getting stronger. The WEF report, based on consultations and surveys with leading chief economists in both the public and private sectors around the world, said the pace of growth is projected to gradually slow in the coming years.
Situation better in South Asia
The situation remains better in South Asia, where 61 percent of chief economists expect strong or very strong growth in 2025. This regional performance has been driven primarily by strong growth in India, which remains the world’s fastest growing major economy. However, there are now signs of losing some momentum. The latest national accounts data for India points to year-on-year GDP (gross domestic product) growth of 5.4 percent in the third quarter of 2024, the slowest rate in nearly two years, leading to the central bank’s annual growth forecast in December. The forecast has decreased.
48% also expect increase in global trade volume
China’s economic growth is expected to slow as the nature of the global recovery is uneven and uncertain due to declining consumer demand and declining productivity. On the trade outlook, nearly half, or 48 percent, of chief economists expect global trade volumes to increase in 2025, underscoring the resilience of global commerce. Most people expect growth in trade tensions between major powers and broadly. About 82 percent of respondents predict greater regionalization of trade over the next three years.
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