Trade Tensions and Inflation Shape 2025 Economic Outlook
US tariffs and threats of new tariffs on China increase trade uncertainty.
Global inflation remains at 4.2%.
Ukraine war slows Russia's economy.
IMF raises India's 2025 growth to 6.6% and Japan's to 1.1%.
US growth forecast upgraded to 2% in 2025 and 2.1% in 2026.
Eurozone growth slightly improves, Germany exits recession, others mixed.
Trade shock impact is modest, supported by AI boom.