Stuart Bergman

Vice-President and Chief Economist
Export Development Canada


Beginning the descent

Our summer Global Economic Outlook report is a must-read, packed with valuable information, as well as insights on the world’s key economies, interest rates, commodity prices and exchange rates.

EDC Economics expects the global economy to see modest growth of 3.1% in 2024, as key central banks begin their policy rate descent. In 2025, growth will increase to 3.5%, as the lagged effects of interest rate cuts and a more stable price environment improve demand conditions. We expect the U.S. economy to post growth of 2.3% in 2024, and 1.8% in 2025.

The Euro Area’s growth outlook is losing momentum and is just 1% in 2024 and 1.7% in 2025. While China’s economy will continue to face challenges, it’ll record growth of 5% this year and 4.6% in 2025.

Forecast table of GDP growth rates for select countries and regions


Forecast table of interest rates, exchange rates and U.S. housing starts


Forecast table of prices for oil, natural gas, gold and copper


Globe rests on a table

Geopolitical economic impacts

Key economic indicators will show how geopolitical tensions, as well as supply chain issues, have impacted the global economy and the outlook for 2024 and beyond.


Businessman prepares to cross street in busy downtown

Interest and exchange rates

Take a look at key interest and exchange rates for Canada, Europe and the United States.


Sun sets over oil rig

Commodity prices

Find out how commodities, like oil, natural gas, copper and gold, are performing globally.



Continue reading the Global Economic Outlook for more key insights.



Date modified: 2024-07-10