By the end of the year, the global economy will have grown by 3.2 percent in 2025. And next year, the world economy will grow by 3.1 percent. This is shown by a forecast from the International Monetary Fund (IMF), which was published on Tuesday afternoon.
The IMF is thus slightly raising its expectations for the global economy compared to earlier this year. In April, the IMF estimated that growth in 2025 would reach 2.8 percent.
The growth in the world economy hides large differences between individual countries and regions. The United States in particular is expected to end the year with a major slowdown in growth figures.
Growth here is expected to slow from 2.8 percent in 2024 to 2 percent this year. Next year, the IMF expects growth of 2.1 percent in the United States.
It is particularly the increased tariffs that President Donald Trump has introduced on goods exported to the American market that are affecting the economy, points out senior economist Kristian Skriver from Dansk Erhverv.
- The United States is the epicenter of significant challenges with political uncertainty and increased global tariffs. American consumers will have to pay more in tariffs, and this is putting a damper on growth in the United States.
- In addition, the great uncertainty is causing companies to hold back on investments, says Kristian Skriver in a written comment.
He adds that large investments in artificial intelligence are helping to support the American economy.
Lower growth in the Eurozone
Things look worse for the countries in the eurozone. Here, growth is expected to land at 1.2 percent this year and 1.1 percent next year.
This means that Danish companies are experiencing weak demand from nearby export markets, explains Chief Economist Allan Sørensen from the Confederation of Danish Industry.
- The three largest countries in the eurozone are still struggling with very weak growth figures. Germany, Italy and France are currently experiencing worryingly low growth, and next year growth will not exceed one percent, he says in a comment.
Nevertheless, it is good news that the global economy as a whole appears to emerge stronger from 2025 than expected in previous forecasts, emphasizes Allan Sørensen.
The IMF's forecast expects the Danish economy to grow by 1.8 percent in 2025 and 2.2 percent next year. This is a significant decrease compared to 2024, when the growth in the Danish economy was 3.5 percent.
Some of the countries that are driving overall growth are India, China and Vietnam, which are expected to have between 4.8 and 6.6 percent growth in 2025.
Last year, economic growth was 3.3 percent worldwide, which was slightly below the historical average for the years 2000 to 2019, when annual growth in the world economy was 3.7 percent.
/ritzau/
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