Governments' annual fiscal deficits are forecast to average 5.1% of GDP in 2025, compared to 5.0% in 2024, 3.7% in 2022 and 9.5% in 2020, according to the report. Slower growth, more debt ...

S&P Global cut its GDP growth forecasts for most countries. GDP, or gross domestic product, measures economic output. S&P also raised its inflation forecast for the U.S.

In Japan, economic growth is expected to accelerate this year — but only from 0.2% in 2024 to a sluggish 0.7% this year, well short of the 1.2% the World Bank had forecast in January.

UNITED NATIONS (AP) — The United Nations on Thursday forecast slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions.