About this work
The June 2025 outlook projects global growth slowing to 2.7 percent from 3.1 percent in 2024. A sharper US slowdown, muted activity in Europe and Japan, and China’s reliance on policy support leave the recovery uneven. Emerging economies remain broadly resilient, but investment decisions become more sensitive to differences in domestic policy.
Cite this work
Marcello Estevão, Jonathan Fortun (2025). Global Macro Views: A Slower World, A Sharper Lens. Institute of International Finance.