OPEC's Economic Outlook

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

United States and Eurozone Projections

For the United States, the GDP growth is expected to maintain steady rates of 2.4% in 2025 and 2.3% in 2026. Similarly, the Eurozone's GDP is forecasted to experience a modest growth of 0.9% this year, slightly increasing to 1.1% in the following year. These figures remain consistent with the previous month's report, indicating a stable economic outlook for these regions.

China's Economic Forecast

China's economic forecast also remains unchanged, with projections of 4.7% growth in 2025 and 4.6% in 2026. This steady outlook suggests confidence in China's economic policies and their impact on global growth.

Potential Impacts of Tariffs and Policy Measures

OPEC has expressed caution regarding the potential impacts of tariffs and other policy measures, stating, "It remains to be seen how and to what extent potential tariffs and other policy measures will play out. So far, they are not anticipated to materially impact current underlying growth assumptions, but the outcome of potentially further rising uncertainties and the scope and significance of potential tariffs and other policy measures will need close monitoring." This statement underscores the importance of vigilance in the face of global economic uncertainties.