New York, May 15 -- The global economy is under growing pressure, with growth expected to slow to 2.4 per cent in 2025, down from 2.9 per cent in 2024, according to the UN's World Economic Situation and Prospects report.
The report also highlights slowdowns in major economies, including China, where the economy is projected to grow at 4.6 per cent, hit by weak consumer demand and continued property sector challenges. India's growth forecast for 2025 has been revised downward to 6.3 per cent, but it still remains one of the fastest-growing large economies.
In a press release issued on Thursday, the United Nations stated, "The global economy is at a precarious juncture, marked by heightened trade tensions and elevated policy uncertainty, ...
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