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Global Economy Faces Slow Growth in 2025 as Inflation and Debt Remain High
The world economy is expected to grow slowly in 2025, with experts warning that high debt, inflation, and geopolitical tensions continue to weigh heavily on recovery.....KINDLY READ THE FULL STORY HERE▶
According to the International Monetary Fund (IMF), global growth is projected at 2.9 percent this year, a slight decrease from 3.1 percent in 2024. While some major economies like the United States and India show resilience, others face serious challenges, especially developing nations struggling with debt repayments and rising food prices.
Economists say the biggest risks to the world economy are stubborn inflation, ongoing conflicts in Europe and the Middle East, and slowing demand in China. Many central banks are keeping interest rates high to fight inflation, but this also makes borrowing more expensive for businesses and governments.
“Global growth remains weak by historical standards,” IMF Managing Director Kristalina Georgieva said earlier this month. “We need strong policies and international cooperation to reduce debt, support trade, and help countries facing the toughest challenges.”
Inflation Still a Threat
Inflation has slowed compared to the highs of 2022, but it remains above targets in many countries. The U.S. Federal Reserve, the European Central Bank, and other major central banks are cautious about cutting interest rates too quickly.
In the U.S., inflation is expected to average 2.7 percent in 2025, slightly above the Fed’s 2 percent goal. Europe faces similar issues, while in many African and Latin American countries, inflation is still in double digits, affecting the cost of food and fuel.
Analysts say the mix of high prices and high borrowing costs creates a difficult balance. If central banks lower rates too early, inflation could rise again. But if they keep rates high for too long, economies could slow further.
Debt Pressure Rising
Another major concern is debt. The World Bank reports that developing countries now hold record levels of debt, with repayments becoming more difficult due to high interest rates and a strong U.S. dollar.
Countries such as Ghana, Sri Lanka, and Zambia have already faced debt crises in recent years, forcing them to restructure loans with creditors. Others may follow if global financial conditions do not improve.
“Debt is a time bomb for many poor nations,” said Joseph Stiglitz, a Nobel Prize-winning economist. “Without urgent reforms, we risk another wave of defaults that will hurt millions of people.”
China’s Slowdown
China, the world’s second-largest economy, is also slowing. A crisis in the property market, weak consumer demand, and rising tensions with Western countries are putting pressure on growth.
China’s economy is expected to expand by 4.4 percent in 2025, down from more than 6 percent a few years ago. This slowdown has global consequences, since many countries depend on Chinese trade and investment.
Impact on Jobs and Trade
For ordinary people, the effects of slow growth can be seen in fewer jobs, higher living costs, and less government spending on public services. Global trade has also weakened, with the World Trade Organization predicting only 2.5 percent growth in trade volumes this year.
Still, there are some positive signs. Energy prices have stabilized, supply chain problems have eased since the COVID-19 pandemic, and technological investment continues in areas like artificial intelligence and clean energy.
Looking Ahead
Experts say governments should focus on policies that support both stability and growth, such as investing in infrastructure, education, and green energy. They also call for more cooperation to manage debt and avoid protectionist trade policies.
“Global challenges need global solutions,” Georgieva of the IMF said. “Only by working together can we secure a stronger, fairer economy for the future.”
While the outlook for 2025 remains uncertain, most economists agree that the world will avoid a deep recession. However, growth will likely stay below long-term averages until inflation is under control and debt risks are reduced.
A group of Nigerians has staged a protest at the United Kingdom Parliament, calling for the removal of the Chairman of the Independent National Electoral Commission (INEC) ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
The demonstrators reportedly gathered outside the parliamentary complex, expressing dissatisfaction with the leadership of the electoral body in Nigeria and demanding immediate action.
They insisted that the INEC chairman should be removed, alleging concerns over credibility and trust in the electoral process as the country prepares for the next election cycle.
The protest drew attention from passersby and security personnel, as the group maintained their position that electoral reforms and leadership changes were necessary to restore public confidence.
Sir Uyi has responded strongly to critics of his involvement in nightclub businesses, insisting that such ventures represent only a small part of his wider activities.....KINDLY READ THE FULL STORY HERE▶
In a firm reaction to recent criticism linked to Vaniti, he stated that people are focusing too much on his nightlife businesses while ignoring other aspects of his work and achievements.
He stressed that his nightclub operations do not define his entire identity or professional portfolio, adding that he is involved in several other ventures beyond entertainment and hospitality.
According to him, the criticism reflects a narrow perception of what he does, and he believes his broader contributions are being overlooked.
Sir Uyi maintained that he remains focused on his various commitments despite public scrutiny surrounding his nightlife business interests.
The Benue State Police Command has confirmed the arrest of seven suspected militia herdsmen in connection with the abduction of passengers travelling in an 18-seater Benue Links bus along the Makurdi–Otukpo road last Wednesday.....KINDLY READ THE FULL STORY HERE▶
The victims, which included candidates of the Joint Admissions and Matriculation Board (JAMB) heading to Otukpo for their examinations, have all been successfully rescued.
Speaking while briefing Governor Hyacinth Alia in Makurdi during the presentation of the freed victims, the Commissioner of Police, Ifeanyi Emenari, said the rescue operation was achieved through coordinated efforts of multiple security agencies.
He explained that five of the abducted passengers were first released, while the remaining 13 were rescued on Sunday morning without injuries.
According to him, the combined pressure from security forces, supported by the state government and the Inspector-General of Police, led to the successful outcome of the operation.
Emenari further disclosed that eight suspects are currently in custody, adding that seven of them are strongly linked to the kidnapping incident, with some victims already identifying them.
He also noted that clearance operations have begun across forest areas in the state to flush out criminal groups, in line with directives from security authorities.
Governor Hyacinth Alia, while receiving the rescued passengers, expressed concern over rising cases of kidnapping in the state but welcomed the safe return of all 18 victims.
He confirmed that among those rescued were eight candidates on their way to write examinations, and called on the Joint Admissions and Matriculation Board (JAMB) to reschedule the affected exams for them.
The governor assured that the state government remains committed to supporting the victims and strengthening security across Benue State, while also urging residents to provide credible information to security agencies.
He further directed the state health authorities to conduct medical evaluations for all rescued persons and promised government support for those affected.
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