World, Regional, & National Economic Outlook
Global Economic Projections (2024-2029)
Explore dynamic heatmaps showcasing economic outlook
Overview:
This factsheet, based on IMF data, showcases global and regional projections spanning from 2024 to 2029.
Global Trends -The New Normal :
- World economy shows fluctuating growth:
- 2025: Slight improvement to 3.245%
- 2024-2029: Gradual moderation from 3.267% to 3.084%
- The overall trend suggests a "new normal" of global growth of around 3-3.3%
Global Trends
Advanced Economies :
- Advanced economies face declining growth rates compared to the global averages:
- Persistent low growth: 1.7-1.8% range.
- Gradual decline from 1.79% (2025) to 1.67% (2029)
Advanced Economies
Euro Area:
- The Economic outlook for the Euro Area is concerning:
- Weak recovery: 0.831% in 2024
- Modest improvement to 1.454% by 2026
- Declines to 1.197% by 2029
Euro
G7 Economies
G7 Economies:
- The data for the G7 economies indicates a declining trend throughout the period:
- From 1.734% (2024) to 1.576% (2029)
EMDE :
- The EMDE area maintains stronger growth than advanced economies:
- In 2024, the growth rate stood at 4.21%.
- Between 2025 and 2029, rates are expected to gradually moderate, easing from 4.193% to 3.931%.
EMDE
In Summary
- Global economic growth from 2025 to 2029 is expected to stabilize at 3-3.3% after a slight improvement in 2025.
- Advanced economies will see persistently low growth, projected at 1.7% to 1.8%, with a gradual decline over the years.
- The Euro Area and G7 economies are forecasted to experience weak recoveries, consistently below the global average.
- Advanced economies face challenges while global growth remains on a more stable trajectory.
- Transition from industrial-based to service-driven economies has slowed growth, referred to as
"Peak Industrialization."
Advanced economies such as the G7 and the Euro Area are grappling with sluggish growth, driven by economic transitions, aging populations, labor shortages, and mounting debt burdens. Also, bureaucracy and regulations limit entrepreneurship, while market policies struggle to suit the Eurozone's diverse economies. In contrast, emerging markets are experiencing strong growth, fueled by industrialization and youthful, dynamic demographics
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