Insight
Global economic outlook Q2 2025: trade tensions bite
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wood Mackenzie has revised its global economic outlook downward due to trade tensions. Our forecast for global gross domestic product growth is 2.4% for 2025 and 2.5% for 2026. Temporary pauses on the US reciprocal tariffs and US levies on Chinese imports have averted the worst-case economic impacts, for now. Given the tariff uncertainty, this update includes two scenarios: trade truce and trade war.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Global economic outlook Q3 2025: tariffs toughen
Global economy will slow as escalating trade tariffs take full effect.
$1,150
Insight
China economic focus October 2025: outlook for the 15th Five-Year Plan
China faces challenges in the next five years to achieving its long-term 2025 growth target.
$1,150
Insight
Webinar: Olefins value chain strategic planning outlook 2025
Watch our Strategic Planning Outlook webinar for the olefins value chain here
$900
