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World Economic Situation and Prospects 2025 September Update

The global economy is expected to experience subdued growth in the coming months amid a challenging trade environment and heightened macroeconomic uncertainties. The world economy is projected to grow by 2.5 per cent in both 2025 and 2026 — below the 2.8 per cent recorded in 2024 and the pre-pandemic average of 3.2 per cent (2010–2019).
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World Economic Situation and Prospects as of mid-2025 Cover

World Economic Situation and Prospects as of mid-2025

A sudden escalation of trade tensions has sent shockwaves through the global economy, dampening growth prospects while fueling uncertainty and inducing financial market volatility.
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World Economic Situation and Prospects as of mid-2025

World Economic Situation and Prospects 2025

Global growth to remain subdued amid lingering uncertainty. Lower inflation and monetary easing offer relief, but trade tensions, high debt burdens, and geopolitical risks cloud the outlook.
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World Economic Situation and Prospects 2024 September Update

After years of turbulence and significant volatility in economic output, the world economy is on a more stable trajectory. Global growth performance has held up surprisingly well in the face of recent shocks, including aggressive interest rate hikes by major central banks during 2022–2023 and an escalation of conflicts with international spillovers. Robust consumer spending in several large developed and developing economies – buoyed by high levels of employment, rising real wages, and relatively healthy household balance sheets – has sustained economic resilience.
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World Economic Situation and Prospects as of mid-2024

Near-term global economic outlook cautiously optimistic as vulnerabilities remain Full Report: English Key Messages: English
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World Economic Situation and Prospects 2024

The world economy continues to face multiple crises, jeopardizing progress towards the Sustainable Development Goals (SDGs). Although global economic growth outperformed expectations in 2023 with several large economies showing remarkable resilience, simmering geo-political tensions and the growing intensity and frequency of extreme weather events have increased underlying risks and vulnerabilities. Furthermore, tight financial conditions also pose increasing risks to global trade and industrial production.
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World Economic Situation and Prospects as of mid-2023

World Economic Situation and Prospects as of mid-2023

The world economy is in the doldrums, with weak economic growth, stubborn inflation and rising interest rates in the major developed economies clouding the near-term economic outlook. Legacy effects of the COVID-19 pandemic, the protracted war in Ukraine, exacerbating effects of climate change are impeding a rebound of global growth.
World Economic Situation and Prospects as of mid-2023

World Economic Situation and Prospects 2023

Multiple shocks to the world economy
The world continues to confront multiple, inter-connected crises. Amid a slow recovery from the impact of the COVID-19 pandemic, the world is facing a food and energy crisis exacerbated by the war in Ukra
World Economic Situation and Prospects 2023
World Economic Situation and Prospects as of mid-2022

World Economic Situation and Prospects as of mid-2022

Global growth prospects have weakened significantly amid the war in Ukraine, rising energy, food and commodity prices, soaring inflation and tightening monetary policy stances by major central banks.
World Economic Situation and Prospects as of mid-2022
World Economic Situation and Prospects 2022

World Economic Situation and Prospects 2022

The global economic recovery is facing significant headwinds amid new waves of COVID-19 infections, persistent labour market challenges, lingering supply-chain challenges and rising inflationary pressures.
World Economic Situation and Prospects 2022