The article "World Bank says the global economy is growing steadily, but not fast enough to help ease poverty" reports that the global economy is projected to grow by 2.7% in 2025 and 2026, consistent with previous years but below the 2010-2019 average. This growth rate is insufficient to significantly reduce poverty levels. Developing economies are facing challenges such as high debt and climate change costs, which are hindering their growth. The World Bank notes that growth in the developing world has been decelerating over the decades, with low-income countries experiencing growth challenges due to ongoing conflicts. The U.S. economy shows resilience with a growth forecast of 2.3% for 2025, boosted by strong consumer spending and improved productivity, while Europe and China face slower economic growth. India is expected to maintain its position as the fastest-growing major economy with a 6.7% growth forecast. The report also highlights potential uncertainties regarding U.S. economic policies under President-elect Donald Trump.
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