What will the global economy look like in 2025? – Local experts reveal trends and prognoses

As the world is getting closer to the year 2025, many questions about the future of the global economy remain uncertain. Will the inflation dominate our home budgets? What kind of impact will geopolitical crises have on the energy and real estate markets? Will corporations and small private companies face bigger financial challenges?

Veljko Miljuskovic, a professor at the Faculty of Economics in Belgrade, points out that the year 2024 was marked by high interest rates and an inflation which has essentially remained high.

– We had a relatively modest growth, and Europe is recording a stagnation and slowing down of economic growth, while other parts of the world are moving forward – says Miljuskovic.

The changes in the administration of the United States of America at the beginning of 2025 might bring new economic opportunities.

– Of course, we’ve also had changes at the head of the United States of America, which will come into effect from January 2025, which by themselves are bringing some new changes in the domain of economy and trade. As for our country, there’s a positive, modest economic growth under these circumstances, which is relatively fine, so we’ll see. So far, it doesn’t seem that there will be any major turbulences – Miljuskovic said on the “Blic dan” show.

Global outlook

– If we’re talking about 2025, the main trend is a continuation of this year’s trends – said Toplica Spasojevic, the director of the company ITM Sistem.

According to the projections, the global economic growth will be around 3-3.5%, with India and China as the main engines of growth.

India is expected to grow over 6%, whereas China will reach around 5.6%. America will realize a growth of 2.8%, which is very good for their economy.

However, Europe will keep stagnating with an estimated growth rate of 0.8% next year, which could have a negative impact on the countries which depend on the European market, including Serbia.

– This year, it was at 0 and 0.1 or in the minus, like the German economy, which is not good for us. For us, the main external trade partners are Germans and Italians, the European Union over 66%. So, if they’re not doing well, it will reflect on the jobs we have – says Toplica Spasojevic, the director of the company ITM Sistem.

Ekonomski fakultet Beograd

ITM SISTEM D.O.O. BEOGRAD

Faculty of Economics Belgrade

ITM Sistem

Veljko Mijušković

Toplica Spasojević

global economy 2025

interest rates

inflation

global economic growth