The exacerbation of trade disputes, in particular, due to new tariffs, causes increased prices and increases the risks of inflation, especially in economies depending on exports.
This year’s World GDP growth is expected by 2.4%, which is half a percent less than last year. This was announced by the Department of the UN Department of Economic Analysis and Politics in Economic and Social Economic, Shantan Mukerji, who showed the updated “World Economic Situation and Prospect” report, Ukrinform reports.
The factors for this, he called the deterioration of global trade assessments and financial instability.
It is noted that the growth forecast for the United States decreased from 2.7% to 1.8%, and for China – from 4.6% to 4%. A significant slowdown in economic growth was recorded in Russia. This year, its GDP will increase by just 1.5% due to lack of labor, difficult financial policy and penalty pressure.
The exacerbation of trade disputes, in particular, due to new tariffs, causes increased prices and increases the risks of inflation, especially in economies depending on exports.
At the same time, the growth of public debt and the volatility of financial markets are complicated by macroeconomic management, reducing the ability of governments to respond to economic problems.
It has been reported that prospects for the So -called CIS economy depend on a number of major factors, including the Russian war against Ukraine, sanctions against the Russian Federation, energy prices, and the economic situation in China.
Ukraine, according to the UN analysis, and then depends on the “safe situation”, the functioning of the Black Sea Corridor and International Financial Assistance. The cost of post -war restoration of the Ukrainian economy is estimated at $ 524 billion.
Keep in mind that the United States’s Gross Domestic Product (GDP) in the first quarter of 2025 for the first time in the last three years reduced by 0.3%.
It is also reported that the European Bank for Development and Reconstruction (EBRD) has changed the growth of Ukraine’s true GDP forecast by 2025 to 3.3% from 3.5% and maintained the forecast for 2026 to 5.0%.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.