Global Economic Outlook 2023-2025

Allianz Research forecasts a challenging global economic landscape with below-trend growth in 2024-25. The US GDP is projected to grow by only 1.1% in 2024, while major European economies like Germany and France will see minimal growth. Inflation is expected to fall but remain above 3%, and corporate profitability is under pressure. The report highlights the impact of monetary policy, consumer demand, and geopolitical factors on the economic outlook.