kathimerini.gr
Global Economic Outlook 2025: Growth Amidst Uncertainty
Global economic growth in 2025 is projected at 2.7%-2.8%, influenced by geopolitical instability, high public debt, and technological advancements; Greece's growth depends on structural reforms and attracting foreign investment.
- How do geopolitical tensions and the potential for protectionist policies affect global trade and supply chains?
- Several factors contribute to this economic forecast. AI integration, quantum computing investments, and the energy transition are positive drivers, while protectionist policies and high public debt pose risks. Emerging economies like India and Indonesia are expected to contribute significantly to global GDP growth.
- What are the key factors shaping the global economic outlook for 2025, and what are their immediate impacts on growth projections?
- The global economy in 2025 faces a complex outlook, with projected growth of 2.7%-2.8%, slightly up from 2024. This growth is influenced by geopolitical tensions (Ukraine war, Israel-Lebanon/Gaza conflicts), large European budget deficits, and global inflation projected at 3.9%, down from 5% in 2024 and 6.5% in 2023.
- What are the long-term implications for Greece's economic performance given its current account deficit and reliance on debt, and how can structural reforms address these challenges?
- The Greek economy is projected to grow between 2%-3% in 2025, driven by RRF investments and fiscal stability, despite low foreign direct investment and a large current account deficit. Structural reforms in the labor market and digitalization are crucial for improving competitiveness and reducing reliance on debt.
Cognitive Concepts
Framing Bias
The framing is predominantly positive regarding the global and Greek economies. While acknowledging challenges, the emphasis is on positive growth projections and opportunities in areas like green energy and digital technology. The introduction of challenges such as geopolitical tensions and high public debt is relatively brief compared to the focus on positive aspects. This could subtly shape reader perception towards an overly optimistic outlook.
Language Bias
The language used is generally neutral and objective. While the author expresses optimism about future prospects, this is presented as a reasoned assessment based on economic indicators, not as a subjective opinion. There is a lack of emotionally charged language or loaded terms.
Bias by Omission
The analysis focuses primarily on macroeconomic factors and largely omits the social and political implications of the predicted economic trends. While the piece mentions geopolitical tensions, it lacks depth in exploring their potential social consequences or the impact on different population segments. For instance, the effect of rising inflation on vulnerable populations or the social impact of job displacement due to technological advancements are not addressed. This omission limits the reader's ability to grasp the full picture.
False Dichotomy
The analysis presents a somewhat balanced view of potential economic outcomes, but it does not adequately explore alternative scenarios or policy responses beyond mentioning the need for structural reforms in the Greek economy and a shift towards green energy. The presentation of economic growth as a simple function of various factors, without exploring the complexities of interconnectedness and potential unforeseen outcomes, could be considered a subtle form of false dichotomy.
Sustainable Development Goals
The article discusses the potential for job creation through investments in green growth and the integration of new technologies. The predicted global growth rate of 2.7-2.8% in 2025, driven by emerging economies, also suggests positive impacts on employment and economic growth. Specific mention is made of thousands of new jobs linked to green growth investments. The focus on structural reforms in the Greek labor market aims to improve productivity and competitiveness, further boosting economic growth and employment.