As One Cycle Ends, Another Begins Amid Growing Divergence

January 17, 2025--Growth divergences persist and could widen, while policy shifts may reignite inflation pressures in some countries
We project global growth will remain steady at 3.3 percent this year and next, broadly aligned with potential growth that has substantially weakened since before the pandemic. Inflation is declining, to 4.2 percent this year and 3.5 percent next year, in a return to central bank targets that will allow further normalization of monetary policy.

This will help draw to a close the global disruptions of recent years, including the pandemic and Russia's invasion of Ukraine, which precipitated the largest inflation surge in four decades.

Though the global growth outlook is broadly unchanged from October, divergences across countries are widening. Among advanced economies, the United States is stronger than previously projected on continued strength in domestic demand. We have raised our growth projection for the US this year by 0.5 percentage point, to 2.7 percent.

As One Cycle Ends, Another Begins Amid Growing Divergence

WEF-These are the biggest risks we face now and in the next 10 years

January 15, 2025--After a challenging "super election" year in 2024, leaders face uncertainty about what lies ahead in 2025 and into the future.
The World Economic Forum's latest Global Risks Report reveals a significant carryover of 2024's key concerns while highlighting some new and notable shifts in risk perception.
The report sets the agenda for discussions at the Forum's Annual Meeting in Davos, this year convening under the title, Collaboration for the Intelligent Age.