On January 17th local time, the International Monetary Fund (IMF) released an update to its World Economic Outlook report, which mainly includes the following:
Global economic growth forecast: The global economic growth forecast for 2025 has been raised to 3.3%, which is 0.1 percentage points higher than the forecast in October last year. The global economy is also expected to grow by 3.3% in 2026.
Growth expectations for major economies:
Developed economies: expected to grow by 1.8% by 2025. Among them, the GDP growth rate of the United States will be 2.7% in 2025 and 2.1% in 2026; Germany's GDP growth rate will be 0.3% in 2025 and 1.1% in 2026; Japan's GDP growth rate is 1.1% in 2025 and 0.8% in 2026; Canada's GDP growth rate in 2025 and 2026 will both be 2%; The GDP growth rate of the UK will be 1.6% in 2025 and will decrease to 1.5% in 2026.
Emerging markets and developing economies are expected to grow by 4.2% by 2025. Among them, China's GDP growth rate will be 4.6% in 2025 and 4.5% in 2026; The GDP growth rate of India in 2025 and 2026 will both be 6.5%; Russia's GDP growth rate is 1.4% in 2025 and 1.2% in 2026; Brazil's GDP growth rate in 2025 and 2026 will both be 2.2%.
Global inflation expectations: The overall global inflation rate is expected to drop to 4.2% by 2025 and to 3.5% by 2026.
The global outlook for economic growth in 2025 is positive. The foreign trade of countries around the world will further increase, especially with China. This also proves that Chinese products have gained global recognition in terms of both quality and price.