Economic outlook
| Anticipated development / % | 2024 | 2025 (Mar forecast) | 2025 (Jul forecast) |
|---|---|---|---|
| World trade | +3.0 | +2.5 | +2.0 |
| Gross domestic product (GDP): World | +2.7 | +3.0 | +2.5 |
| Gross domestic product (GDP): Eurozone | +0.7 | +1.0 | +1.0 |
| Gross domestic product (GDP): Germany | –0.2 | +0.0 | +0.0 |
As of June 2025. Forecast for 2025 rounded to the nearest half percentage point.
Source: Oxford Economics
The global economy is again expected to grow moderately in 2025. The slowdown in inflation over the course of the year so far in particular has had a positive effect. World trade is also expected to increase in 2025, albeit at a lower rate than previously forecast, mainly due to the uncertainties in foreign trade. The European Economic Area is continuing its slight growth in 2025. In Germany, economic performance was supported by pull-forward effects in foreign trade, particularly in the first half of 2025. Stagnation is expected for 2025 as a whole.