The International Monetary Fund expects G20 countries to achieve growth of only 2.9% in 2030, representing the Fund’s weakest medium-term outlook since the global financial crisis in 2009.
The Fund identified a series of challenges facing the global economy, including pressures on public finances and aging populations in advanced economies. The report showed that advanced G20 economies (the United States, the United Kingdom, Australia, Canada, France, Germany, Italy, Japan, and South Korea) will see economic growth of just 1.4% in 2030. Meanwhile, emerging market economies (Argentina, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, and Turkey) will record stronger growth reaching 3.9%.
According to the Fund, the group’s output will grow by 3.2% in 2025, down from 3.3% last year, and is expected to reach 3% in 2026.
