UN predicts world economic growth at subdued 2.8% in 2025

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THE world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8 percent in 2025, the United Nations said Thursday, Jan. 9, 2025.In “World Economic Situation and Prospects 2025,” UN economists wrote that their positive prediction was driven by the strong although slowing growth forecast for China and the United States and by the robust performances anticipated for India and Indonesia.

China’s “shrinking population and rising trade and technology tensions, if unaddressed, could undermine medium-term growth prospects,” the report reads.The UN projected last January that 2024 global economic growth would be 2.4 percent. It said Thursday that the rate was estimated to have been higher, at 2.8 percent.Both remain below the three percent rate that the world saw before the Covid-19 pandemic started in 2020.

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