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15 May 2025 / Article
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Copy LinkThe Conference Board's real GDP forecast for the global economy remains unchanged at 2.9% year-over-year for 2025 and 2.8% for 2026.
This forecast update follows significant downgrades to The Conference Board’s global outlook in prior months. Since January the forecast for 2025 has been reduced by 0.2 percentage point as has the forecast for 2026. These downgrades were largely attributed to the US’ implementation of tariffs on its trading partners and elevated uncertainty. While the severity of US tariffs has fallen, as anticipated in earlier forecasts, they continue to weigh on the global economy.
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