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ARTICLE · 06 JANUARY 2025

KPMG Global Economic Outlook – December 2024

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KPMG International is forecasting global growth will rise slightly in 2025 to 3.2 percent before post-election policies in the US dampen global GDP to 3.0 percent in 2026.

CyprusStrategy
Tassos J. Yiasemides
Tassos J. Yiasemides
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  • KPMG International forecasts GDP growth picking up from 3.1% in 2024 to 3.2% in 2025
  • Inflation forecast to cool from 4.5% in 2024 to 3.5% in 2025
  • Geopolitical risks remain elevated with post-US election policies, including possible tariffs, potentially hitting growth and inflation in 2026

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KPMG International is forecasting global growth will rise slightly in 2025 to 3.2 percent before post-election policies in the US dampen global GDP to 3.0 percent in 2026.

The latest expectations in the December 2024 KPMG Global Economic Outlook highlight the continued geopolitical and economic uncertainty slowing down the impact of recent central bank efforts to return the world to a path of sustainable growth.

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