Global Economic Slowdown: UN Forecasts, U.S. Tourism Decline, and UK Rate Cuts

In today's episode, we delve into the United Nations' revised global GDP growth forecast for 2025, highlighting a significant economic slowdown. We also explore the alarming drop in U.S. international tourism spending, projected to decrease by $12.5 billion. Additionally, we discuss the Bank of England's decision to cut interest rates to 4.25% amid economic uncertainties. Join us for an in-depth analysis of these pressing economic issues and their global implications.

Sources:
https://timesofindia.indiatimes.com/business/india-business/indias-gdp-growth-to-slow-down-at-6-3-in-2025-still-among-worlds-fastest-growing-economies-un/articleshow/121190833.cms
https://www.outlookbusiness.com/economy-and-policy/un-cuts-indias-2025-gdp-growth-to-63-but-still-above-global-average
https://www.business-standard.com/economy/news/un-cuts-india-s-2025-gdp-growth-forecast-to-6-3-sees-strong-momentum-125051600115_1.html
https://www.indiatvnews.com/news/world/un-forecasts-global-economic-growth-to-slow-down-to-2-4-per-cent-in-2025-india-china-fastest-growing-larger-economies-united-nations-projection-2025-05-16-990516
https://economictimes.com/news/economy/indicators/indias-gdp-growth-revised-downward-to-6-3-for-2025-country-remains-one-of-fastest-growing-large-economies-un/articleshow/121201036.cms
https://www.travelagewest.com/Travel/USA-Canada/us-international-traveler-spending-impacts
https://gettysburgconnection.org/u-s-tourisms-recent-decline/
https://www.travelweekly.com/Travel-News/Government/WTTC-expects-steep-decline-in-international-visitors-to-US
https://www.johngreenall.co.uk/hmrc-interest-rates-following-bank-of-england-rate-cut/
https://www.lopiangb.co.uk/news/business-news/archive/article/2025/May/interest-rates-cut-to-425
https://gsbglobal.com/newsroom/boe-cuts-rates-to-4-25-what-does-it-mean-for-you/
https://www.sableinternational.com/blog/bank-of-england-base-rate-cut
https://am.jpmorgan.com/us/en/asset-management/liq/insights/liquidity-insights/updates/navigating-uncertainty-the-bank-of-england-remains-cautious-after-a-split-mpc-decision/