World Bank says the global is economy is growing steadily, but not fast enough to help ease poverty
FILE - The World Bank building in Washington, Monday, April 5, 2021. (AP Photo/Andrew Harnik, File)
WASHINGTON (AP) — The global economy is growing steadily in the face of war, protectionist trade policies and high interest rates. It just isn't growing fast enough to bring relief to the world's poorest, the World Bank said Thursday in its latest assessment of the global economy.
The bank expects the world economy to expand 2.7% in 2025 and again in 2026. It's a remarkably consistent performance – matching 2023 and 2024 – but also a lackluster one. Growth is running 0.4 percentage points below the 2010-2019 average. The slump reflects lingering damage from the "adverse shocks of recent years,'' including COVID-19 and Russia's invasion of Ukraine.
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