Economic Outlook 2025
Global growth stabilised at 2.8% in 2024, expected to decline to 2.6 % and 2.5% over the next two years on the back of slower growth in US and China. According to the latest projections from the PwC Network, global economic growth is expected to ease slightly to 2.6% in both 2025 and 2.5% in 2026, down from 2.8% in 2024. This moderation is largely due to ongoing geopolitical tensions and rising protectionist policies. The US economy is forecast to expand by just over 2%, while China’s growth is set to slow to around 4.6%. The eurozone is projected to experience subdued growth, with GDP rising by 0.9% in 2025 and edging up to 1.4% in 2026 as Germany begins to recover. In contrast, India is expected to maintain strong momentum, with growth exceeding 6%. Against this backdrop, Malta’s 6% growth in 2024 and its projected 4% growth over the next two years stand out as comparatively strong.
