Milli Re 2025 Annual Report

Economic Overview economy administration in 2025. Annual CPI in that country kept rising for the fourth month in a row in December 2025, and at 0.8%, hit its highest since February 2023 while producer prices fell by 19.%, extending its trend in deflationary territory to the 39th month. In the January update of the World Economic Outlook, the IMF revised its global growth forecast for 2025 and 2026 upwards by 0.1 and 0.2 points respectively as compared to its October 2025 report, to 3.3%. The report estimated 2025 growth as 1.7% for developed economies and 4.4% for developing economies, projecting 2026 and 2027 growth rates as 1.8% and 1.7% for developed economies, and 4.2% and 4.1% for developing economies, respectively. The IMF argued that the negative developments stemming from protectionist trade policies are counterbalanced with growing investments in technology -principally in all, the economy in the euro area registered 1.5% growth for the whole year in 2025. The European Central Bank (ECB) kept the reference rates unchanged for the fourth consecutive time in the final meeting of the year in line with the anticipations. The post-meeting memorandum stated that the economy did better than expected, and investments and expenditures increased. In addition to the consumption that is forecasted to increase in the coming period, public expenditures to be incurred in the areas of infrastructure and defense will presumably support the economy at an increasing extent. While the Chinese economy outgrew the estimations and expanded by 1.2% quarterly in the last quarter of 2025, annualized growth was 4.5%, the lowest in the past three years. Notwithstanding, the nation’s economy grew by 5% in the whole year and reached the target of the in AI-, financial and monetary supports, improved financial conditions, and the private sector’s adaptability. The IMF suggested that global headline inflation is anticipated to decline from the estimated 4.1% in 2025 to 3.8% in 2026 and 3.4% in 2027. However, while the report underlines that risks to the outlook are tilted to the downside, it notes that a reassessment of AI-related productivity growth expectations could lead to a sudden correction in financial markets; uncertainties regarding trade policies and geopolitical developments could put pressure on global trade and supply chains; and high public indebtedness and budget deficits could cause financial conditions to remain tight for longer than expected. In addition to these adverse developments, occurrences such as the U.S. intervention in Venezuela at the onset of 2026, the subsequent state GDP Growth Rate – Based On Current Prices (%) Imports (USD billion) Exports (USD billion) 2025 3.6 2025 365 2025 273 2024 3.2 2024 344 2024 262 2023 4.5 2023 362 2023 256 56 MİLLİ RE 2025 Annual Report