The World Economic Situation and Prospects 2025 report from the UN also predicts a slowing growth of global economic growth of 2.8% in 2025. This tame expectation is due to the persistent issues of geopolitical uncertainties, inflationary pressures and COVID-19 aftermath.
Although emerging markets will grow faster than developed markets, recovery is uneven. Constant income inequality, low levels of investment, and rising climate risks remain major challenges.
The report calls on policymakers from around the world to identify concerted responses to address these issues. This involves multilateral cooperation, increased investments in green technologies, and innovation for sustainable growth.
This quiet economic outlook is a reminder that governments, corporations and global institutions must focus on inclusive, transformative policies to ensure sustainable growth in the face of uncertainty.
