According to the IMF's World Economic Outlook (WEO), published today, projections for 2025 point to growth of 2%, below the 2.3% estimated in October.

In the proposed Union Budget for 2025, the executive estimates a growth in the Gross Domestic Product (GDP) of 2.1% in 2025.

For 2026, the IMF predicts a growth of 1.7% in national GDP.

The IMF also presents projections for inflation, with consumer prices falling to 1.9% in 2025 and accelerating to 2.1% in 2026.

Unemployment remains at similar levels, according to the IMF, indicating a rate of 6.4% this year and 6.3% in 2026.

Even so, the national economy continues to grow above the forecast for the euro zone this year, at 0.8%, with the IMF estimating that Germany will remain stagnant at 0%.

In the WEO, the IMF reported a “negative” shock due to the trade war generated by the US president’s tariffs and pointed to the “uncertainty” at this time in the global economic scenario.