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Global economics intelligence executive summary. July 2025

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<namePart>Smit, Sven</namePart>
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<namePart>Condon, Jeffrey </namePart>
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<namePart>Kwiatkowski, Krzysztof </namePart>
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<abstract displayLabel="Summary">IMF revises global growth estimates upward but warns of ongoing trade tensions, while US  and China record strong second-quarter growth; central banks in holding pattern on interest rates</abstract>
<tableOfContents displayLabel="Contents">Expansion of the world economy -- Rise in prices across global markets -- Economic conflicts between countries -- Increase in government spending -- Temporary halt in interest rate changes -- Taxes on imported goods -- Government income from tariffs -- Adjustments to previously reported employment data -- Measure of market uncertainty</tableOfContents>
<note type="statement of responsibility">Sven Smit, Jeffrey Condon, Krzysztof Kwiatkowski</note>
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<topic>Crecimiento económico</topic>
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<topic>Conflictos armados</topic>
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