Global Economic Outlook Unchanged

The Organization of Petroleum Exporting Countries (OPEC) has announced that its forecasts for global economic growth in 2025 and 2026 remain unchanged, at 3.1% and 3.2% respectively. This stability in growth projections highlights the resilience of the global economy amidst ongoing uncertainties.

United States and Eurozone Growth Forecasts

The United States is expected to see a GDP growth of 2.4% in 2025, slightly decreasing to 2.3% in 2026. Similarly, the Eurozone's GDP is projected to grow by 0.9% this year, with a modest increase to 1.1% next year. These figures mirror the predictions made in the previous month's report.

China's Economic Prospects

China's economic forecast also remains steady, with a growth rate of 4.7% anticipated for 2025 and 4.6% for 2026. These figures are consistent with last month's estimates, indicating a stable economic outlook for the country.

Potential Impacts of Tariffs and Policies

OPEC cautions that the potential impacts of tariffs and other policy measures remain uncertain. "It remains to be seen how and to what extent potential tariffs and other policy measures will play out. While they are not expected to significantly alter current growth assumptions, the evolving landscape of global trade policies warrants close monitoring," the report states.