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15 may 2025 — the global economy is at a precarious juncture, marked by heightened trade tensions and elevated policy uncertainty, according to the world economic situation and prospects as of. Political choices in the united states are redrawing the contours of global trade and geopolitics china is capitalising on us weakness, but has structural challenges of its own The global economy has proved resilient this year but underlying fragilities remain, according to the oecd’s latest economic outlook.

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The international monetary fund on tuesday sharply lowered its global growth forecast, citing the damaging impact of us president donald trump ’s escalating tariff policies and the deepening trade conflict between the united states and china. How us trade policy is reshaping the global order key takeaways Chinese exports are flooding the developing world, and the social consequences are bound to be profound.

Global uncertainty is seen as exceptionally high by 82% of the chief economists

While a narrow majority (56%) expect conditions to improve over the next year, concerns persist. Tariffs, protectionism and geopolitical tensions