World Economic Outlook Update, July 2025: Global Economy: Tenuous Resilience amid Persistent Uncertainty
World Economic Outlook, July 2025
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- World Economic Outlook Update, July 2025: Global Economy: Tenuous Resilience amid Persistent Uncertainty
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Bibliographic details
- Published: July 29, 2025
Global growth projections and drivers
- Global growth is projected at 3.0 percent for 2025.
- Global growth is projected at 3.1 percent in 2026.
- This is an upward revision from the April 2025 World Economic Outlook.
- Factors supporting the revision:
- Front-loading ahead of tariffs.
- Lower effective tariff rates.
- Better financial conditions.
- Fiscal expansion in some major jurisdictions.
- Headline framing: "Global growth expected to decelerate as trade-related distortions wane."
Inflation outlook
- Global inflation is expected to fall.
- US inflation is predicted to stay above target.
Downside risks and uncertainties
- Key downside risks identified:
- Potentially higher tariffs.
- Elevated uncertainty.
- Geopolitical tensions.
Policy priorities and implications
- Restoring confidence, predictability, and sustainability remains a key policy priority.
World Economic Outlook Update, July 2025: Global Economy: Tenuous Resilience amid Persistent Uncertainty
Content in this bundle
- Dataset overview — WEO Update July 2025
- Full Report