
403
Sorry!!
Error! We're sorry, but the page you were
looking for doesn't exist.
World Bank expects global economy to jump by 2.7 percent in 2025, 2026
(MENAFN) The World bank predicted Thursday that the global Economy will grow by 2.7 percent in both 2025 and 2026, maintaining the same pace as in 2024.
However, it warned that developing economies are expected to face the weakest long-term growth outlook since 2000, according to its latest Global Economic Prospects report.
"While the global economy stabilizes in the next two years, developing economies will likely make slower progress in closing the income gap with advanced economies," the report stated.
The forecast for developing economies is steady growth of about 4 percent over the next two years.
"However, this represents a weaker performance than prior to the COVID-19 pandemic and will not be enough to significantly reduce poverty or meet broader development objectives," it added.
The report highlighted that during the first decade of the 21st century, developing economies grew at the fastest rate since the 1970s.
"New global trade barriers in 2024 were five times higher than the 2010-2019 average. As a result, overall economic growth slowed—from 5.9 percent in the 2000s to 5.1 percent in the 2010s and to 3.5 percent in the 2020s," the report concluded.
However, it warned that developing economies are expected to face the weakest long-term growth outlook since 2000, according to its latest Global Economic Prospects report.
"While the global economy stabilizes in the next two years, developing economies will likely make slower progress in closing the income gap with advanced economies," the report stated.
The forecast for developing economies is steady growth of about 4 percent over the next two years.
"However, this represents a weaker performance than prior to the COVID-19 pandemic and will not be enough to significantly reduce poverty or meet broader development objectives," it added.
The report highlighted that during the first decade of the 21st century, developing economies grew at the fastest rate since the 1970s.
"New global trade barriers in 2024 were five times higher than the 2010-2019 average. As a result, overall economic growth slowed—from 5.9 percent in the 2000s to 5.1 percent in the 2010s and to 3.5 percent in the 2020s," the report concluded.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment