{
  "title": "World Economic Outlook Update, July 2025: Global Economy: Tenuous Resilience amid Persistent Uncertainty",
  "publication": "World Economic Outlook, July 2025",
  "sourceUrl": "https://www.imf.org/en/publications/weo/issues/2025/07/29/world-economic-outlook-update-july-2025",
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  "summary": "Global growth is projected at 3.0 percent for 2025 and 3.1 percent in 2026, an upward revision from the April 2025 World Economic Outlook. This reflects front-loading ahead of tariffs, lower effective tariff rates, better financial conditions, and fiscal expansion in some major jurisdictions.",
  "sections": [
    {
      "heading": "Global growth projections and drivers",
      "content": "- Global growth is projected at 3.0 percent for 2025.\n- Global growth is projected at 3.1 percent in 2026.\n- This is an upward revision from the April 2025 World Economic Outlook.\n- Factors supporting the revision:\n  - Front-loading ahead of tariffs.\n  - Lower effective tariff rates.\n  - Better financial conditions.\n  - Fiscal expansion in some major jurisdictions.\n- Headline framing: \"Global growth expected to decelerate as trade-related distortions wane.\""
    },
    {
      "heading": "Inflation outlook",
      "content": "- Global inflation is expected to fall.\n- US inflation is predicted to stay above target."
    },
    {
      "heading": "Downside risks and uncertainties",
      "content": "- Key downside risks identified:\n  - Potentially higher tariffs.\n  - Elevated uncertainty.\n  - Geopolitical tensions."
    },
    {
      "heading": "Policy priorities and implications",
      "content": "- Restoring confidence, predictability, and sustainability remains a key policy priority.\n\nWorld Economic Outlook Update, July 2025: Global Economy: Tenuous Resilience amid Persistent Uncertainty\n\n---\n\n Content in this bundle\n\n- Dataset overview — WEO Update July 2025\n  - Dataset overview — WEO Update July 2025 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Dataset overview — WEO Update July 2025 (XLSX){rel=\"external\" type=\"application/vnd.openxmlformats-officedocument.spreadsheetml.sheet\"}\n- Full Report\n  - Full Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Full Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Previous Issues\n- Press Conference\n- Opening Remarks\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/weo/issues/2025/07/29/world-economic-outlook-update-july-2025"
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    "[Markdown version](/en/publications/weo/issues/2025/07/29/world-economic-outlook-update-july-2025/index.md)",
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    "Published: July 29, 2025",
    "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:",
    "Headline framing: \"Global growth expected to decelerate as trade-related distortions wane.\"",
    "Global inflation is expected to fall.",
    "US inflation is predicted to stay above target.",
    "Key downside risks identified:",
    "Restoring confidence, predictability, and sustainability remains a key policy priority.",
    "**Dataset overview — WEO Update July 2025**",
    "**Full Report**",
    "[Previous Issues](https://www.imf.org/en/Publications/WEO)",
    "[Press Conference](https://www.imf.org/en/Videos/view?vid=6376294087112)",
    "[Opening Remarks](https://www.imf.org/en/news/articles/2025/07/29/sp072925-pierre-olivier-gourinchas-opening-remarks-world-economic-outlook-update-july-2025)"
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