The IMF forecasts a slowdown in global growth to 3.2% in 2025

The forecasts for 2025 remain below pre-policy change levels, but they are 0.4 percentage points higher than the April projection, reflecting a moderation in tariff increases. In terms of individual countries, the growth rate for the United States is expected to be 2.0% in 2025 and 2.1% in 2026. Meanwhile, the Chinese economy is projected to slow to 4.8% in 2025 and 4.2% in 2026. The Eurozone is anticipated to grow by 1.2% in 2025 and 1.1% in 2026, while the United Kingdom is expected to see growth of 1.3% in both years. Japan's growth is forecasted at 1.1% in 2025 and 0.6% in 2026. At the same time, global inflation is expected to continue its decline, although trends will vary by country. In the United States, inflation will remain above target, with upward risks, while it is expected to remain moderate in other regions.