The United Nations is forecasting that the global economy will grow by 2.7% this year, slightly lower than last year's estimate, citing the impact of higher U.S. tariffs, economic uncertainties and geopolitical tensions.
U.N. economists predicted that growth would edge up to 2.9% in 2027. That's still well below the average 3.2% growth between 2010 and 2019, before the COVID-19 pandemic hurt economies around the globe. The estimate for 2025 is 2.8%.
“A combination of economic, geopolitical and technological tensions is reshaping the global landscape," U.N. Secretary-General Antonio Guterres said Thursday in a statement, "generating new economic uncertainty and social vulnerabilities.”
