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:
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Global GDPIndustrial productionUS real wages
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US savings ratesUS imports from Canada (2023)US imports from Mexico (2023)US trade balances (goods) and exports to the US share of GDPChina's growth by componentIndia's investment outlook
What's included
This report contains:
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