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13 August 2025 / Article
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The Conference Board’s real GDP forecast for the global economy has been upgraded by 0.1 percentage point to 3.0% for 2025, but remains at 2.8% for 2026. This follows growth of 3.2% in 2024.
This upgrade is the result of better-than-expected momentum in some economies in H1 2025 and, to a degree, a decline in uncertainty about global trade strife. US negotiations with several trade partners have resulted in some de-escalation in the high tariff rates that were proposed earlier this year. Additionally, numerous extensions to tariff implementation (so that negotiations can continue) have benefited the outlook. However, even as the severity of trade strife moderates it continues to weigh on the global economic outlook.
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