TNPSC Thervupettagam

Global Economic Prospects (GEP) report 2025

February 19 , 2025 2 days 165 0
  • The World Bank has released the Global Economic Prospects (GEP) report 2025.
  • It is a flagship biannual publication of the World Bank Group.
  • It scrutinizes trends and projections in the global economy.
  • Global Economy projected to expand by 2.7% in both 2025 and 2026, the same pace as in 2024.
  • Developing Economies, now are contributing about 45% of global GDP, compared to 25% at the start of the century.
  • India, China, and Brazil, the three largest Emerging Markets have collectively driven approximately 60% of annual global growth since the start of the century.
  • India is projected to remain the fastest-growing large economy for FY26 and FY27 (growth rate – 6.7%).

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