Global Economic Growth Adjusted Downward

The Organization of Petroleum Exporting Countries (OPEC) has revised its global economic growth forecast for 2025 down to 3%, from last month's estimate of 3.1%. This adjustment reflects growing concerns over trade uncertainty affecting 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 forecasts at 2.1% for this year and 2.2% in 2026.

Eurozone: The Eurozone's growth outlook for 2025 has been adjusted downward to 0.8%, while the 2026 forecast remains steady at 1.1%.

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

Looking Ahead

Global growth in 2026 is now projected at 3.1%, a slight decrease from the previous estimate of 3.2%, underscoring the ongoing challenges and uncertainties in the global economic landscape.