Global Growth Seen At 2.7% This Year: UN Forecast

The United Nations is forecasting that the global economy will grow by 2.7 per cent this year, slightly lower than last year's estimate, citing the impact of higher US tariffs, economic uncertainties and geopolitical tensions.

- Associated Press

UN economists predicted that growth would edge up to 2.9 per cent in 2027. That's still well below the average 3.2 per cent growth between 2010 and 2019, before the COVID-19 pandemic hurt economies around the globe. The estimate for 2025 is 2.8 per cent.

“A combination of economic, geopolitical and technological tensions is reshaping the global landscape,” UN Secretary-General Antonio Guterres said Thursday in a statement, "generating new economic uncertainty and social vulnerabilities.”