Goldman Sachs has projected substantial economic growth for India in 2025, estimating a growth rate of 6.3%. This positions India as the fastest-growing major economy, while China is expected to follow with a 4.5% growth rate.
In contrast, European countries are anticipated to experience minimal GDP growth, with Germany facing one of its worst economic years, projecting only 0.3% growth. France and Italy are also expected to see growth rates below 1%.
The predictions come in the wake of a report analyzing global economic forecasts post-COVID-19, indicating a generally optimistic outlook for the global economy, though regional disparities are expected.
Goldman Sachs also noted that the United States economy is forecasted to grow at a steady rate of 2.5%, with minimal impacts from the new trade policies proposed by President-elect Donald Trump. However, the effects of these policies are expected to be more pronounced internationally, potentially reducing China's growth by 0.7% and the Eurozone's growth by 0.5% in 2025.
In addition, Russia's economic growth is projected to be just 1.2% for the same year. Overall, Goldman Sachs estimates a global average GDP growth of 2.7% for 2025, consistent with projections made for 2024.