Global Economic Outlook 2025 World Bank. The bank of canada was first out of the gate and leads the pack with an accumulated 125 basis points (bps) of cuts since the middle of 2024. Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025.

The lagged and current effects of monetary tightening, as well as more restrictive credit conditions, are expected to. Elevated central bank rates to fight inflation and a withdrawal of fiscal support amid high.