World Bank Raises 2026 Global Growth Forecast Amidst 'Notable' Economic Resilience

• The World Bank increased its 2026 global GDP growth forecast to 2.6% from 2.4%, citing surprising economic resilience.
• The US economy's growth projection for this year was significantly boosted to 2.2% from a previous 1.6%.
• Global growth in 2025 was stronger than anticipated, driven by a surge in trade ahead of US President Donald Trump's tariffs and increased intelligence spending.
• Despite resilience, global growth is 'range-bound,' staying between 2.6% and 2.8% since 2023, lower than the pre-pandemic decade's average of 3.2%.
• The World Bank acknowledges 'notable' resilience but warns of downside risks, particularly the potential re-escalation of trade tensions.

Why It Matters: World Bank upgrades 2026 growth outlook due to global economic resilience, but warns of persistent trade risks.