International Business News – According to the World Bank’s semi-annual Global Economic Prospects report released on Tuesday, the global economy is showing more resilience than previously expected. The report forecasts GDP growth in 2026 to be slightly higher than the prediction from June last year, rising from 2.7% in 2025 to 2.6%, then easing back to 2.7% in 2027.

The GDP growth forecast for 2026 has been revised up by 0.2 percentage points compared to the June projection, while the 2025 growth estimate is now 0.4 percentage points higher than the earlier forecast.

The World Bank stated that about two-thirds of this upward revision reflects better-than-anticipated economic growth in the United States, despite trade tensions triggered by tariffs.

The report projects U.S. GDP growth at 2.2% in 2026, up from 2.1% in 2025, with increases of 0.2 and 0.5 percentage points respectively compared to the June forecasts.

However, the institution warned that economic growth remains too concentrated in advanced economies and is overall too weak to significantly reduce extreme poverty.

World Bank

The World Bank is an international financial institution founded in 1944 at the Bretton Woods Conference, with the initial goal of providing loans and grants to help rebuild war-torn Europe after World War II. Its mission later shifted to reducing global poverty and supporting development in low- and middle-income countries through funding, policy advice, and technical assistance. Headquartered in Washington, D.C., it now comprises two key institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).