In 2024, global growth demonstrated resilience, reaching 3.3%, supported by strong expansions in the United States (+2.8%), China (+5.0%), and several emerging economies. However, 2025 began with a sharp shift: new U.S. tariffs and retaliatory measures from major economies, along with renewed conflict in the Middle East, have increased global uncertainty. As a result, updated forecasts project a slowdown in global growth to 2.8% in 2025, with a modest recovery to 3.0% in 2026.