The global economy will shrink in 2025

 

The global economy will shrink in 2025

As per the new report issued by IMF in April 2025, the world economic growth rate for 2025 will be 2.8 percent.  This a 0.4 percent reduction than the actual world economic growth rate of 3.2 percent in 2024. Especially, growth reductions in advanced economies in 0.3 percent, emerging market and developing economies in 0.5% are expected. Further, 1 percent growth reduction in USA, 0.8 percent growth reduction in China were predicted. The extra ordinary growth reduction is expected from Russia (2.3 percent), Mexico (2.1 percent) and Brazil (1.7 percent). The economies in euro area and sub-Saharan Africa will not grow. Further, it is expected an economic growth in Germany (0.2 percent), Japan (0.8 percent), United Kingdom (0.2percent), Canada (0.1 percent), Saudi Arabia (1.6 percent) and South Africa (0.2 percent).In addition to that, growth reductions of 0.7 percent in emerging and Developing Asia, 0.9 percent in Emerging and Developing Europe, 0.5 percent in Emerging Market and Middle Income Countries are expected.

(Analysis by Deveconomics)