Global economic growth is expected to slow down in the coming years, according to updated estimates from the International Monetary Fund (IMF) in the April edition of the World Economic Outlook (WEO).
This is reported by Business • Media
Forecasts indicate that in 2024, the global gross domestic product (GDP) will increase by only 2.8%, and by 3% in 2026. These figures are lower compared to last year, when growth was 3.3%, and the average level from 2000 to 2019 was 3.7%.
Reasons for the Downgrade in Global Economic Forecasts
The main factors contributing to the downgrade in expectations were changes in government policy priorities and a new wave of tariff restrictions, particularly from the United States. This creates a serious negative shock to global growth, and the instability of the trade environment contributes to a decline in global economic activity.
In light of this situation, the IMF published not a baseline forecast, but a “reference” forecast, which considers alternative scenarios depending on further changes in trade policy and the global economy.
Expectations for Ukraine
The forecast for the Ukrainian economy remains unchanged. According to IMF estimates, Ukraine’s GDP will grow by 2% in 2025 and by 4.5% in 2026. This is a positive signal for the country’s economy amid global instability arising from external challenges and changing global trends.
“Emerging from the crisis is only possible through enhanced international cooperation, debt restructuring, coordinated trade policy, and maintaining macroeconomic stability in individual countries,” emphasizes the IMF.