New Delhi, April 16 -- The global economy may lose momentum in calendar year 2025 with growth expected to slow to 2.3%, the UN Conference on Trade and Development (UNCTAD) said in a report on Wednesday.

Growth estimates for CY2025 fall below the 2.5% threshold that marks a global recessionary phase, signalling a significant slowdown compared to even the already subdued pre-pandemic growth trends, said the report. The global economy recorded a growth of 2.8% in 2024.

UNCTAD forecasts a slowdown across major economies, with India's growth expected to ease from 6.9% in 2024 to 6.5% in 2025, China's from 5% to 4.4%, and the US from 2.8% to 1%, while the European Union is projected to see a slight uptick from 0.9% to 1% over the same period....