Global Economic Resilience and Growth Projections

Despite recent economic shocks, the global economy has demonstrated remarkable resilience, with projected growth rates of 3.2% for both this year and the next. Key drivers of this growth are the robust performances of the U.S. economy and emerging markets, particularly in Asia, such as India and the ASEAN region. However, while growth is stabilizing, it remains historically low compared to pre-pandemic averages of 3.8%. This situation, combined with high debt levels in many countries, underscores the need for prudent fiscal policies to ensure sustained economic viability.