The World Bank has released its latest Global Economic Prospects report, offering a sobering assessment of the global economy’s trajectory.
The report finds that global growth is holding up better than expected despite historic trade tensions and elevated policy uncertainty. However, the recovery remains uneven and fragile, with stark differences between advanced and developing economies.
Key findings include projections of global growth at 2.6 percent in 2026, rising slightly to 2.7 percent in 2027. The 2020s are set to become the weakest growth decade since the 1960s, and more than one in four developing economies still record lower per capita GDP than before the pandemic in 2019.
The report underscores a clear challenge ahead: maintaining resilience while narrowing the widening gap between advanced and developing economies, amid persistent pressures from slow growth, high debt, and job market strains.
