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Chief Economists Outlook

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Chief Economists Outlook

World Economic Forum,

5 min read
3 take-aways
Audio & text

What's inside?

Most of the world’s economists see the outlook for the 2025 global economy as downbeat.

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Editorial Rating

7

Qualities

  • Analytical
  • Overview
  • Background

Recommendation

While economic growth has been robust in areas like South Asia and the United States in 2024, expected changes from the Trump second term across numerous fronts — in regulatory, trade, fiscal, industrial, and foreign policies — are already exerting downward pressure on the world’s economies. So says this global survey of economists by the World Economic Forum’s Centre for the New Economy and Society, which suggests that tariffs will not only affect trade but also relations among countries. Growth may thus slow over the longer term, as the world faces what could be more isolationist and nativist geopolitics. Business leaders and financial professionals will find this an enlightening report.

Summary

Economists’ perspectives on the health of the global economy in 2025 are mostly negative.

A survey of economists around the world reveals that, while growth rates will diverge across regions, the prospect of inward-looking economic and foreign policy in the United States will have negative second-order effects on many economies. An estimated global GDP growth of 3.2% in 2025 will slow to 3.1% by 2030, a markedly weak forecast. Economists expect persistent inflation in many areas.

Central banks’ hawkish stance has abated, particularly in the European Union, where sluggish growth persists. However, the US Federal Reserve will likely hold the line on interest rate cuts in the face of inflation...

About the Author

The World Economic Forum’s Centre for the New Economy and Society is a research arm that promotes global economic growth, equity, and human capital.

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