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The global economy is set to face significant challenges in 2025, with 56% of chief economists surveyed expecting conditions to weaken, according to the latestfrom the World Economic Forum. Only 17% foresee an improvement, pointing to heightened uncertainty in key regions and the need for measured policy responses worldwide.
Europe continues to rank as the weakest region for the third consecutive year, with nearly three-quarters expecting weak or very weak growth. Major changes are expected in areas such as trade, migration, deregulation, fiscal policy and industrial policy. The chief economists’ solid outlook for US growth in 2025 is in line with their expectation of near-term stimulus and of rising wages.
The financial sector stands out as an exception, with less than half expecting an increase in fragmentation, likely reflecting the pivotal role of cross-border financial flows in modern economies. Nevertheless, domestic and international political developments, supply-chain realignments and security concerns loom large. These shifts are likely to push up costs for businesses and consumers alike over the next three years.
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