UN forecasts global economic growth to slow to 2.4 pct in 2025

World economic growth is projected to slow to 2.4 percent in 2025, down from 2.9 percent in 2024, due to heightened trade tensions and policy uncertainty, according to a mid-year update of the 2025 World Economic Situation and Prospects report of the United Nations, which was released on Thursday.

The latest global economy forecast is 0.4 percentage points below the January forecast.

The global economic outlook has deteriorated significantly since the January 2025 forecast. Sweeping United States tariff announcements and counter-announcements, along with heightened policy uncertainty have eroded global growth prospects, said the UN report.

In terms of international trade, global trade growth is projected to decline sharply from 3.3 percent in 2024 to 1.6 percent in 2025, said the report.

The economic slowdown and persistent weakness in global investment growth will drag down employment and wage growth, according to the report.

The report also emphasized that policy coordination and international cooperation are particularly crucial for stabilizing the global economy and promoting sustainable development as the current world economy is facing high uncertainty.

UN forecasts global economic growth to slow to 2.4 pct in 2025

UN forecasts global economic growth to slow to 2.4 pct in 2025

UN forecasts global economic growth to slow to 2.4 pct in 2025

UN forecasts global economic growth to slow to 2.4 pct in 2025

Japanese lawmaker Keiji Furuya's consistent provocations on Taiwan-related issues have severely violated the one-China principle and the spirit of the four political documents between China and Japan, and China's countermeasures is a just act against the "new militarism" ideology, a scholar on China-Japan relations said in Beijing on Tuesday.

China on Monday announced countermeasures against Keiji Furuya, member of Japan's House of Representatives, for his collusion with Taiwan secessionist forces and other egregious moves, said Foreign Ministry spokeswoman Mao Ning. The punitive countermeasures against Furuya are a means of deterrence and warning, and China will also take other necessary punitive measures in light of the situation, according to Mao.

Furuya has made a number of sneaky visits to China's Taiwan region, and at a forum there on March 16, he provocatively declared "Japan's determination to protect Taiwan" and even claimed that "changes in Taiwan cannot be allowed to happen."

In an interview with China Central Television on Tuesday, Meng Xiaoxu, a research fellow at the Institute of Japanese Studies, Chinese Academy of Social Sciences, said Furuya's moves are a direct challenge to established diplomatic norms.

"The speech he made in Taiwan was actually to defend [Japanese Prime Minister Sanae] Takaichi's erroneous remarks concerning Taiwan. He also mentioned the issue of so-called 'military exchanges' between Japan and Taiwan, which apparently goes against the basic consensus on the one-China principle in China-Japan relations," said Meng.

Furuya has served as the chairman of the Japanese Diet Members' Consultative Council with Taiwan since 2018, an organization known for its strong pro-Taiwan secession leanings.

"This council was actually an organization set up in 1973 by some pro-Taiwan elements in Japan after the normalization of China-Japan diplomatic relations in 1972. Its main purpose was to maintain contact with Taiwan secessionists through alternative channels. Especially after Keiji Furuya became its chairman, the frequency and scale of the organization's visits to Taiwan have exceeded historical levels," said Meng.

Furuya is widely regarded as one of Sanae Takaichi's core aides. Last October, he was appointed chairman of the Liberal Democratic Party's Election Strategy Committee, responsible for election strategy affairs. Throughout his political career, Furuya has also repeatedly visited the Yasukuni Shrine, which honors 14 Class-A World War II criminals.

"Keiji Furuya frequently visits the Yasukuni Shrine, and when he visits the Yasukuni Shrine, he never forgets to mention the Taiwan issue. In fact, he is Takaichi's spokesperson and major promoter on the Taiwan issue. He represents Japan's far-right-wing forces, the idea of 'using Taiwan to contain China' is deeply rooted in his mind. We indeed should take resolute measures to counter it. A major reason for the current downturn in China-Japan relations is Takaichi's erroneous remarks concerning Taiwan, and Japan's current collusion with Taiwan, who not only collude but also make provocations. It is Japan that has deviated from the political foundation of China-Japan relations and continuously provoked China's national interests. The historical revisionism led by the Japanese government is getting rampant throughout the country, leading to the current prevalence of 'new militarism' ideology, which is very dangerous," said Meng.

Chinese scholar justifies countermeasures against Japanese lawmaker

Chinese scholar justifies countermeasures against Japanese lawmaker