The OECD forecasts global GDP growth of 3.3% in 2025, driven by easing inflation and strong economic performance in Nigeria.
January 1, 2025 9:36 am The global economy is projected to remain resilient despite significant challenges, according to the latest Economic Outlook from the Organisation for Economic Co-operation and Development (OECD). The report projects global GDP growth to reach 3.3% in 2025, slightly up from 3.2% in 2024, and maintaining 3.3% in 2026. Inflation within OECD countries is forecast to continue easing, declining from 5.4% in 2024 to 3.8% in 2025, and further to 3.0% in 2026.
This moderation is attributed to the ongoing restrictive monetary policies adopted by most countries. According to BusinessDay, a leading Nigerian business newspaper, the economy is poised for significant improvement in 2025. Oil production is projected to reach two million barrels per day, coupled with enhanced domestic refining capacity. This is expected to strengthen the Naira, triggering a positive ripple effect on the cost of goods and services. As inflation declines and purchasing power increases, Nigerians will likely experience improved living standards. Businesses are anticipated to thrive in 2025, driven by higher household consumption and reduced operations costs, which will result in increased employment opportunities. Furthermore, the current administration’s efforts to diversify the economy, improve infrastructure, and enhance national security are set to further stimulate economic activity. These optimistic projections hinge on the absence of major local or global crises, such as pandemics or other disruptions. While the global and local economic outlook remains cautiously optimistic, the responsibility for businesses to capitalise on these projections rests squarely with C-Suite Executives. As career trajectories continue to evolve, leadership positions are occupied by a mix of seasoned veterans and newcomers stepping into the hierarchy. Irrespective of where you stand on this spectrum, one constant remains: chang
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