The IMF’s July 2025 update projected global growth of 3.0% for 2025 and 3.1% for 2026, revising its April outlook upward. The update pointed to front-loading ahead of tariffs, lower effective tariff rates and improved financial conditions among the factors behind the revision.
This is a historical forecast snapshot. Subsequent events and later forecasts must be considered when assessing current conditions.
NAG perspective. Long-term assets require decisions that look beyond a single forecast. The useful discipline is to understand the customer need, test the downside and match the capital structure to the life of the asset.
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