Global growth could drop to 2.9% in 2025 as tariffs slow down economy
The global economic growth rate is expected to drop from 3.1% in 2024 to 2.9% in 2025 due to conflicts, unforeseen climate events and the impact of US tariffs.
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Trade tensions, tariffs and market uncertainty hit global economic outlook
The global economy faces renewed shocks in 2025 after a brief period of stabilisation.
Southeast Asia is the biggest export destination for Chinese products
Southeast Asia is the largest and fastest-growing export destination for Chinese goods, with imports reaching USD587 billion, a 12% year-on-year increase in 2024.
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