The world economy is at a precarious moment. Heightened trade tensions, along with policy uncertainty, have significantly weakened the global economic outlook for 2025. Higher tariffs—resulting in a significant increase in the effective tariff rate in the United States of America—are likely to strain global supply chains, drive up production costs and delay critical investment decisions, while also contributing to financial market volatility. Global economic growth is now projected to slow to 2.4 per cent in 2025, down from 2.9 per cent in 2024, and 0.4 percentage points below the January forecast. The downward revisions in growth forecasts are broad-based, affecting both developed and…

Economic insecurity, staggering levels of inequality, declining social trust and social fragmentation are destabilizing societies worldwide. The World Social Report 2025, reveals trends that are threatening communities and demand immediate, decisive policy action. The report calls for a new policy consensus anchored in three principles—equity, economic security for all, and solidarity—that are essential to strengthen the three dimensions of sustainable development.

The report is the first to be co-produced with the United Nations University World Institute for Development Economics Research (UNU-WIDER). This collaboration brings new research insights into the report,…

Global economic growth is projected to remain at 2.8 per cent in 2025, unchanged from 2024, according to the United Nations flagship report, World Economic Situation and Prospects (WESP) 2025. While the global economy has demonstrated resilience, withstanding a series of mutually reinforcing shocks, growth remains below the pre-pandemic average of 3.2 per cent, constrained by weak investment, sluggish productivity growth, and high debt levels.

The report notes that lower inflation and ongoing monetary easing in many economies could provide a modest boost to global economic activity in 2025. However, uncertainty still looms large, with risks stemming from geopolitical conflicts,…