United States of America
The United States of America has taken the top spot yet again and is predicted to be the fastest-growing economy in the world in FY2025, with the country’s GDP to be an estimated $29,840 billion, the IMF said in its report.
China
Despite its economic setbacks and sanctions by Western nations, China will follow close behind rival America in FY2025, too. Beijing’s GDP is estimated to be at $19,790 billion, according to the IMF report.
Germany
Germany, which has narrowly escaped a recession and is still struggling to get a stronghold of its economy, is projected to be the third largest economy in the world in FY2025, the IMF reported. Its GDP is predicted to be $4,591 billion for the next financial year.
India
Having surpassed the United Kingdom to take the fifth pot among the fastest-growing economies the world over, India is now expected to take over Japan’s position to clinch the title of the world’s fourth largest economy in FY2025, according to the IMF. India’s GDP will rise to $4,340 billion next fiscal year, the IMF projected.
Japan
Japan is expected to face an economic downhill, with the country projected to take the 5th spot among the fastest-growing global economies in 2025, the IMF report said. The country’s GDP is predicted to be at $4,310 billion for the next financial year.
United Kingdom
The United Kingdom will maintain its position among the world’s fastest-growing economies and is expected to retain its spot at number 6, after India and Japan, according to IMF. The UK GDP is expected to be $3,685 billion in FY2025.
France
France is also projected to retain its position at number 7, with its GDP positioned to be $3,223 billion in FY2025, according to the IMF.
Brazil
Brazil is expected to take an upward leap and position itself at the 8th spot among the fastest-growing economies in the world. Currently, the country holds the 9th position in the list. According to the IMF projection, Brazil’s nominal GDP will be at $2,438 billion in FY2025.
Italy
With its nominal GDP projected at $2,390 billion, Italy will slip down a slot in the list of the largest economies and settle at the 9th spot in FY2025, according to the IMF projection.
Canada
Canada will take the 10th spot in the list of the largest economies around the globe. The country’s GDP is projected to be at $2,361 billion, the IMF report showed.
