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Market Speak: OPEC upgrades 2025 global growth forecast to 3.0%; India to lead growth
13-Aug-2025 13:06
OPEC has raised its 2025 global economic growth forecast to 3.0%, supported by US trade agreements and stronger-than-expected performances in India, China, and Brazil. The group expects global growth to remain steady at 3.1% in 2026. The US outlook for 2025 was revised up to 1.8%, while the Eurozone is now seen growing 1.2% in both 2025 and 2026. China's 2025 growth projection rose to 4.8%, while India is forecast to remain the fastest-growing major economy at 6.5% through 2026. Brazil and Russia's growth expectations remain unchanged, signaling a broadly resilient global economy despite ongoing uncertainties.

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