Islamabad, June 10, 2025: The year 2024-25 witnessed a mixed economic performance across the world as ongoing wars, climate-related changes, and calamities around the world have negatively impacted global economic growth.
As per the World Bank’s latest findings, the global economy is expected to grow by 2.7% during the 2024–25 period. This is a noticeable drop compared to last year’s growth rate of 3.3%.
Breakdown of Key Countries
Despite these challenges, India saw the highest growth, with its economy expanding by 7%. The country’s rising local demand and investments in development projects played a major role. China followed by with its economy growing by 5%, driven by strong exports and industrial recovery.
The United States recorded a 2.6% increase, maintaining momentum through consumer activity and a strong labor market. On the other hand, UK and Japan, both advanced economies, only managed a 0.7% rise each.
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Germany’s economy showed a 0.8% growth, while France grew by 1.1%, slightly better than some other European nations.
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Pakistan’s Performance
Despite facing inflation, political instability, and external economic pressures, Pakistan posted a growth rate of 2.7%, which is an improvement from last year’s 2.0%.
Overall, the world economy has slowed, but several countries in Asia have shown signs of recovery. Economists believe that governments now need to focus on building stability and supporting long-term growth.
