| Global Economy Stabilizes, But Developing Economies Face Tougher Slog
February 16, 2025--Global Economy Stabilizes, But Developing Economies Face Tougher Slog |
| Even as the global economy stabilizes in the next two years, developing economies are expected to make slower progress in catching up with the income levels of advanced economies.
The global economy is projected to expand by 2.7% in both 2025 and 2026, the same pace as in 2024, as inflation and interest rates decline gradually. Growth in developing economies is also expected to hold steady at about 4% over the next two years. This, however, would be a weaker performance than before the pandemic-and insufficient to foster the progress necessary to alleviate poverty and achieve wider development goals. |