GDP Growth Projections for the G20

Key takeaways

• The OECD expects India to be the best-performing G20 economy in 2025 and 2026
• The G20’s worst laggards include Germany, Japan, Italy, France, and Russia

Global growth is expected to slow

Global GDP growth is expected to slow from 3.3% in 2024, to 2.9% in 2025, assuming current tariffs hold. The decline is led by the U.S., Canada, Mexico, and China.