The G-7 countries, which are considered to have the most developed economies in the world, are not distinguished by high economic growth rates as a whole. Their average growth rate of gross domestic product (GDP) for 2024 is 1%.
Πo-specifically, for the past year from the G-7, the strongest economic growth was in the United States - 2.8%.
The economy of Canada is expected to recover in 2024. by 1.5%, in France - by 1.1%, and in Great Britain - by 0.9%.
According to the final data of the National Statistical Institute INSEE, in the fourth quarter of 2024 the French economy shrank by 0.1% compared to the previous three months, i.e. "bûĸcyva".
For Italy, economic growth is expected to slow to 0.5% in 2024, down from 0.7% the previous year. And Japan's GDP is down (symbolically) by only 0.1%.
Germany is the only G-7 country whose economy is contracting for the second consecutive year, i.e. it is in recession - in 2023. it is shrinking by 0.3%, and for 2024 the decrease is by 0.2%.
According to the new forecast of the German Central Bank, published on Wednesday, December 2024, the country's gross domestic product will increase by only 0.2% in 2025.
In addition, the Bundesbank predicts that BB&P; Germany will grow by 0.8% in 2026 and by 0.9% in 2027.
As for Russia, for 2024 its economic growth rate is higher than that of the US and significantly higher than the average for the G-7 countries, RIA Novosti reports, citing data from the national statistical services of the mentioned countries. Last year, Russia's GDP fell by 4.1%.
Analysts at the country's Central Bank report a slowdown in economic growth in the fourth quarter of 2024, while simultaneously increasing budget spending and slowing lending. Π According to their data, inflation at the end of 2024 - the beginning of 2025 Otava vikoĸa, the inflated price and the imprecise placement of goods hit the eye.