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How will the biggest and richest economies fare in 2025?

How will the world's major economies perform next year?
Germany: 0.7% growth
Italy: 0.9% growth
France: 0.9% growth
Russia: 1.1% growth
Austria: 1.1% growth
Mexico: 1.2% growth
New Zealand: 1.4% growth
Japan: 1.5% growth
South Africa: 1.5% growth
Netherlands: 1.6% growth
UK: 1.7% growth
Australia: 1.9% growth
Canada: 2.0% growth
South Korea: 2.1% growth
Brazil: 2.3% growth
Spain: 2.3% growth
USA: 2.4% growth
Türkiye: 2.6% growth
Colombia: 2.7% growth
Saudi Arabia: 3.6% growth
Argentina: 3.6% growth
Ireland: 3.7% growth
China: 4.7% growth
Indonesia: 5.2% growth
India: 6.9% growth
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How will the world's major economies perform next year?

The world economy is in reasonable shape and should remain so for the year ahead, according to the OECD. In the latest interim update to its Economic Outlook, the Paris-based organisation says global activity was resilient in 2024 and should stabilise at current levels. Trade volumes are recovering despite consumer confidence staying weak, and wages are robust even as the labour market cools. Meanwhile, headline inflation has reached target in half the advanced economies and more than half of developing countries. 

However, that doesn’t mean every country is thriving. 

Read on to discover how 25 countries, including all of the G20 group, are expected to perform in 2025, ranked in terms of their projected growth from worst to best. 

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Michael Gallagher

23 December 2024

Features

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