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Commodity Mid Session News

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(15 Apr 2025, 11:49)

Economic Buzz: OPEC revises global economic growth forecasts down slightly to 3% for 2025

Organization of the Petroleum Exporting Countries or OPEC stated in a latest monthly update that global economy showed a steady growth trend at the beginning of the year; however, the near-term trajectory is now subject to higher uncertainty given the recent tariff-related dynamics. Consequently, the global economic growth forecasts are revised down slightly to 3.0% for 2025, and to 3.1% for 2026. US economic growth forecasts are revised down to 2.1% for 2025 and 2.2% for 2026. Japan’s economic growth forecasts are revised down slightly to 1% for 2025 and to 0.9% for 2026. The Eurozone’s economic growth forecast for 2025 is lowered marginally to 0.8% but remains at 1.1% for 2026. China’s economic growth forecasts for 2025 and 2026 are revised down slightly to 4.6% and 4.5%, respectively. India’s economic growth forecast for 2025 is lowered slightly to 6.3% for 2025 but remains at 6.5% for 2026. Brazil’s economic growth forecasts remain at 2.3% in 2025 and 2.5% in 2026. Russia’s economic growth forecasts for 2025 and 2026 remain unchanged at 1.9% and 1.5%, respectively.
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