The world Bank said on Tuesday that the global economy is showing greater resilience than earlier anticipated despite trade, tensions and policy uncertainty.
The bank stated this in its latest Global Economic Prospects report, released in New York.
The report projected global growth to remain broadly steady over the next two years.
According to the report, global growth is expected to ease to 2.6 percent in 2026 before rising slightly to 2.7 percent in 2027, representing an upward revision from its June 2025 forecast.
It said the improved outlook reflected better-than-expected performance in several economies, particularly the United States, which accounts for about two-thirds of the upward revision to the 2026 forecast.
The report, however, said that if the projections held, the 2020s would still be the weakest decade for global growth since the 1960s.
It stated that the slow pace of growth was widening the gap in living standards, as nearly all advanced economies had per capita incomes above their 2019 levels by the end of 2025.
“While about one in four developing economies had lower per capita incomes,” it said.
The report said growth in 2025 was supported by a surge in trade ahead of policy changes and rapid adjustments in global supply chains.
