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

United States: The US economy is expected to slow in the first quarter, with further deceleration in the second. However, anticipated trade agreements may spur a recovery, with growth projections at 2.1% for 2025 and 2.2% for 2026.

Eurozone: Growth forecasts for the Eurozone have been adjusted to 0.8% in 2025, remaining steady at 1.1% in 2026.

China: China's economy is projected to grow by 4.6% in 2025 and 4.5% in 2026. OPEC notes China's capacity to mitigate the effects of US tariffs through domestic stimulus and export market diversification.

Looking Ahead

Global growth for 2026 is slightly adjusted to 3.1%, down from the previous 3.2% estimate, signaling cautious optimism amidst ongoing trade and economic challenges.