Global Economic Outlook Remains Optimistic

The Organization of Petroleum Exporting Countries (OPEC) has released its July monthly report, maintaining its forecast for global gross domestic product (GDP) growth at 2.9% in 2025 and 3.1% in 2026. This projection, unchanged from May and June, is based on the "healthy growth" observed in the world's economy during the first half of the year.

Regional Growth Forecasts Highlight Diverse Economic Landscapes

United States: OPEC anticipates a growth rate of 1.7% in 2025 and 2.1% in 2026. Japan: The forecast stands at 1.0% in 2025, slightly decreasing to 0.9% in 2026. Eurozone: Expected to grow by 1.0% in 2025 and 1.1% in 2026. China: Projected to lead with 4.6% in 2025 and 4.5% in 2026. India: Shows robust growth with 6.5% in both years. Brazil: Forecasted at 2.3% in 2025 and 2.5% in 2026. Russia: Expected to grow by 1.8% in 2025, then dip to 1.5% in 2026.