Page 6 - Policy Economic Report_Mar'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Economy in Focus

1. A snapshot of the global economy

Global economic growth

According to OECD Economic Outlook published in March 2025, global output growth remained resilient
in 2024, with robust expansions in the United States and several large emerging-market economies,
including China.

However, with uncertain global circumstances, softening of global growth prospects have been
witnessed in some countries. Business and consumer sentiment have weakened in some countries, and
indicators of economic policy uncertainty have risen markedly around the world.

Figure 1: Global GDP growth projections for 2025 and 2026

Source- OECD Interim Economic Outlook Page | 5

March 2025