This book is divided in 3 chapters. The first is an overall analysis of the current economy of the world and the last part of this first chapter, a report about the impact of AI on energy demand. The second chapter is dedicated to the global economic implications of population aging. And the third chapter is a report about an analysis of the migration and refugees policies. Like I've shared on Facebook before, many articles and reports showing the benefits to the place that welcome refugees and migrants. And like I've said many times as a global human rights defender, to seek asylum is a human right enshrined in the U.D.H.R. (Universal Declaration of Human Rights). For about two decades I have had this activism for better political education, for more democracy and development, for more respect for human rights and better justice, I have a YouTube channel, here is the link. https://www.youtube.com/@lucianofietto4773/videos. Since the creation of this channel its visualization counter doesn't work, the same has been happening with the counter of this blog since its creation in 2010. Never a human rights defender was so much harmed in so many ways and for so long time. This post is a summary of the book with the title above, published in April 2025 at https://www.imf.org/en/Publications/WEO/Issues/2025/04/22/world-economic-outlook-april-2025
This April 2025 World Economic Outlook was put together under exceptional circumstances. The U.S. announced multiple waves of tariffs on major trading partners and critical sectors. The global economy is now characterized by a high degree of economic and financial integration. For this reason, we expect that the sharp increase in both tariffs and uncertainty will lead to a significant slowdown in global growth in the near term. These effects are magnified in the presence of modern complex global supply chains. Anticipating such disruptions we have revised down our projection for global trade growth by 1.5% this year, with a slight recovery for 2026. The global economy is a critical juncture. Signs of stabilization were emerging through much of 2024, after a prolonged and challenging period of multidecade highs, followed a gradual bumpy decline towards central bank targets. Labor markets normalized, with unemployment and vacancy rates returning to prepandemic levels. Growth hovered around 3% and global output came close to potential. However, major policy shifts are resetting the global trade system giving rise to uncertainty that is once again testing the resilience of the global economy. Migration and refugee policies have become a critical part of public policy in the context of an anemic growth outlook and growing demographic pressures. In addition to documenting rising legal migration and refugee flows and barriers, the report finds the following: 1) Beyond the better handling of large unexpected displacement shocks, international cooperation can help distribute the short-term costs of hosting refugees more evenly across countries, while alleviating the burden on individual economies. Such initiatives stand to benefit developing economies, which tend to lack fiscal space and absorptive capacity. 2) Improving integration of migrants and refugees to maximize gain for destination economies. A big share of refugees are more often absorbed into the informal economy. strengthening incentives to take up formal work can help these economies reap the benefits of these inflows. Migrants and refugees can generate economic gain that outweigh fiscal costs and even ease fiscal pressures if they are well integrated into the labor force. Refugees frequently struggle to join he labor force or find employment opportunities that fully utilize their skills. The benefits from their contributions are larger, notably in the long term. Below the GDP growth in 2024, from the highest growth to the smallest growth. The first column is for countries in the American continent, and the other is for some countries in the rest of the world. As previously forecasted, Guyana had the highest GDP growth of the world last year. The same had happened in 2021, 2022 and 2023. Congratulations to our neighboring country.
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