UN Predicts Global Economic Growth Slowing to 2.4%, While China's Economy Expected to Reach 4.6% in 2025
New York [ US On May 16 (ANI): The global economy is facing increasing pressure, as growth is anticipated to decelerate to 2.4 percent in 2025, down from 2.9 percent in 2024, according to the UN 's Global Economic Conditions and Outlook report. The report further points out decelerations in key economic powerhouses, including China , where the economy is expected to expand by 4.6 percent, hindered by sluggish consumer spending and ongoing issues within the real estate sector. India The projected economic growth for 2025 has been adjusted downwards to 6.3 percent, yet it continues to be among the quickest expanding major economies. On Thursday, a press release was distributed stating the following: United Nations stated, "The global economy finds itself in a critical situation, characterized by increased trade conflicts and raised policy unpredictability, as stated by the Global Economic Conditions a...