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
Israel launched a preemptive strike on Iran early Friday, targeting Iranian nuclear facilities, senior military leaders and research scientists in a major escalation against Tehran.
Israel Defense Forces (IDF) confirmed in a statement that its jets have completed the first-stage attack, notably strikes on dozens of military targets, including nuclear targets in different areas of Iran.
Israeli Prime Minister Benjamin Netanyahu said in a video address that the goal of the ongoing operation is "to strike Iran's nuclear infrastructure, Iran's ballistic missile factories, and Iran's military capabilities," and will continue "for as many days as it takes."
Chief Commander of Iran's Islamic Revolution Guards Corps Hossein Salami and Deputy Army Commander Gholam-Ali Rashid were martyred as a result of the airstrikes, the official news agency IRNA reported.
The Israeli airstrikes also killed two Iranian nuclear scientists, identified as Mohammad-Mehdi Tehranchi and Fereydoun Abbasi, the report said. However, the Iranian side has denied reports that Chief of Staff of the Iranian Armed Forces Mohammad Bagheri was killed in the Israeli airstrikes, according to IRNA. A spokesman for the Iranian Armed Forces said that Israel, with the support of the United States, launched attacks on many places in Iran, including residential areas, and will pay a "heavy price" for this, and await strong response from the Iranian armed forces.
Explosions were reported in Tehran and counties of Natanz, Khondab and Khorramabad, the Iranian state TV reported, adding that multiple casualties, including women and children, were reported in a residential building in Tehran.
Both Israel and Iran closed their airspace following the attack. Israel has declared a nationwide state of emergency.
In a statement, U.S. Secretary of State Marco Rubio denied any U.S. assistance or involvement in the "unilateral" attack, adding that Israel had told Washington that it believed the strikes were necessary for its self-defense.
Earlier on Thursday, U.S. President Donald Trump warned of a possible "massive conflict" in the Middle East, saying that "I don't want them going in" as a new round of Oman-mediated negotiations between the United States and Iran will be held in Muscat Sunday.
"I want to have an agreement with Iran. We're fairly close to an agreement ... As long as I think there is an agreement, I don't want them going in because that would blow it," he told reporters in the White House.
Israel launches preemptive strike on Iran, killing military leaders
