Global Economic Outlook—Winter 2025

American exceptionalism: Setting the global outlook in motion

Insights from EDC’s chief economist

As we turn the page on another year, the global economy is facing a complex landscape. While the U.S. economy continues to move forward with renewed optimism, many countries are grappling with ongoing challenges such as weak domestic demand and structural issues. EDC’s chief economist, Stuart Bergman, explores these dynamics in our latest Global Economic Outlook (GEO) report entitled American exceptionalism: Setting the global outlook in motion.

For a comprehensive analysis of the global economic landscape, this essential resource provides detailed overviews of key countries, interest rates and commodity prices and exchange rates, helping you make informed business decisions.

Key highlights:

• U.S. economic resilience: Discover how the U.S. economy is leading the way with strong investment and consumer confidence, despite a cooling labour market. We forecast the U.S. economy to grow by 2.2% this year and 2.1% in 2026. ​
• Canada’s economic challenges: Learn about the factors contributing to Canada’s weak growth outlook, including a cooling labour market and the measures being taken to address these issues.
• Global growth projections: Get insights into the growth forecasts for major economies, including Europe and China, and the impact of policy uncertainties.

Why read the GEO report?

• Geopolitical economic impacts: Understand how geopolitical tensions and supply chain issues are shaping the global economy.
• Interest and exchange rates: Stay updated on key interest and exchange rates for Canada, Europe and the United States.
• Commodity prices: Find out how commodities such as oil, natural gas, copper and gold are performing globally.
• Stay informed with EDC Economics. Read the full report.