Washington (TDI): The year 2025 is anticipated to bring moderate growth for the global economy, according to International Monetary Fund (IMF) forecasts.
Global GDP is likely to grow by 3.2 percent, reaching 115.3 dollars trillion at current prices.
While global growth is likely to remain stable, it is weaker than initial prediction.
The IMF noted that the economic outlook for the US has improved, but growth projections for other advanced economies, especially in Europe, have been downgraded.
Emerging markets and developing economies continue to grapple with multiple challenges such production disruptions, shipping delays, geopolitical disputes, civil unrest, and extreme weather events.
These factors have tempered development prospects in regions such as the Middle East, Central Asia, and sub-Saharan Africa.
In contrast, emerging Asia is witnessing robust growth, fueled by growing demand for semiconductors and electronics, supported by considerable investments in artificial intelligence.
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Moreover, public investment in China and India is pushing regional economic expansion.
However, the IMF forecasts that global development will average 3.1 percent annually over the next 5 years, a pace slower than pre-pandemic levels.
In 2025, the US is projected to retain its position as the world’s largest economy, with a GDP of 30.3 trillion dollars at current prices.
China will follow with 19.5 trillion dollars, while Germany is likely to rank third at 4.9 trillion dollars.
Japan and India will occupy 4th and 5th positions, with GDPs of 4.4 trillion dollars and 4.3 trillion dollars, respectively.
Central Asia
In Central Asia, Uzbekistan’s economy is predicted to expand by 5.7 percent, reaching 127.4 billion dollars at current prices, according to the IMF.
This growth rate places Uzbekistan as one of the region’s fastest-growing economies.
Kazakhstan, the largest economy in Central Asia, is likely to achieve 4.6 percent growth, with GDP reaching 306.6 billion dollars.
Kyrgyzstan’s GDP is forecast to increase by 5 percent, reaching 17.3 billion dollars at current prices.
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Tajikistan’s economy is likely to grow by 4.5 percent, with GDP projected at 14.1 billion dollars.
Turkmenistan is projected to witness slower growth, with its GDP increasing by 2.3 percent to reach 91.1 billion dollars.
