Global Economic Growth Adjusted Downward by OPEC

The Organization of Petroleum Exporting Countries (OPEC) has revised its global economic growth forecast for 2025 down to 3%, from the previously estimated 3.1%. This adjustment reflects growing concerns over trade uncertainties impacting major economies worldwide.

Impact on Major Economies

The United States is expected to see a slowdown in growth, with projections of 2.1% for this year and a slight increase to 2.2% in 2026. The Eurozone's growth forecast has also been adjusted downward to 0.8% for 2025, with no change anticipated in 2026.

China's Economic Prospects

China, on the other hand, is projected to grow by 4.6% in 2025 and 4.5% in 2026. OPEC suggests that China has the capability to mitigate the impact of US tariffs through domestic stimulus measures and diversifying its export markets.

Looking ahead, global growth in 2026 is forecasted at 3.1%, a slight decrease from the previous estimate of 3.2%.