Insight
Global economic outlook Q1 2025: can momentum trump uncertainty?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The global economy has good momentum. Fears of a global recession gave way to a ‘no landing’ reality after growth remained steady and at a good pace in 2024. Yet global growth is not synchronised. China had a difficult 2024, Europe's economy is sluggish, while the US powered ahead. Furthermore, uncertainty is high. US tariff hikes risk sparking a global trade war that could cause a global recession. Is momentum enough to offset the uncertainty and keep the global economy on a sustainable growth path?
Table of contents
- Can momentum trump uncertainty?
Tables and charts
This report includes the following images and tables:
- Global GDP
- Industrial production
- US real wages
- US savings rates
- US imports from Canada (2023)
- US imports from Mexico (2023)
- US trade balances (goods) and exports to the US share of GDP
- China's growth by component
- India's investment outlook
What's included
This report contains:
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