World Bank: Global Economy Resilient Amid Trade Tensions, But Developing Nations Lag

• Global economy shows unexpected resilience despite trade disruptions and policy uncertainty, but recovery is uneven.
• Growth projected to stabilize at 2.6% in 2026, rising to 2.7% in 2027, driven by stronger US performance.
• The 2020s are set to be the weakest decade for global growth since the 1960s, widening income disparities.
• Developing economies face slow income convergence; per capita income growth projected at 3% in 2026.
• World Bank urges trade liberalization, private investment, and fiscal sustainability to avoid stagnation and address job challenges.

Why It Matters: Global economy shows resilience, but developing nations lag significantly, requiring urgent policy reforms for sustainable growth.