Economic Outlook
Forecast summary as of 30 April 2025
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* Outturn
** Prolonged and delayed negotiations, with the United States periodically granting reciprocal tariff exemptions to trading partners, including tariff exemptions for China starting from Q3 2025. The overall situation remains highly uncertain at least until the end of 2026
*** Starting from Q3 2025, all countries successfully negotiated a 50% reduction in the latest reciprocal tariffs, with the U.S. economy expected to experience a technical recession this year.
Historical data can be retrieved from
Inflation: Trade Policy and Strategy Office, Ministry of Commerce
GDP: Office of the National Economic and Social Development Council
