Global GDP to grow 2.9%, says Citi report.

Global GDP to grow 2.9%, Citi Wealth report says

According to a report prepared by Citi Wealth on the outlook for the economic outlook for 2025, global GDP is expected to increase by 2.9% in 2025 and 2026, compared to 2.6% in 2024, and the United States (US) will continue to be the main driver of growth.

The report also addresses rising geopolitical tensions, in particular the impact of the Trump administration’s domestic policies, which could lead to increased market volatility, with these policies expected to prioritize domestic activity, increasing the risk of trade conflicts and a slowdown in US growth.

Andy Sieg, Director of Citi Wealth, stressed that despite the risks, there are reasons for optimism, that the systemic trends that will drive growth in the coming years provide opportunities.