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The WB also projects global GDP growth for 2024 at 2.7%, an increase of 0.1 percentage points from its forecast in June. In 2026, the rate is projected to be 2.7%.
"Global growth is projected to have steadied at 2.7% last year and is expected to stay at that rate in 2025-2026." "Nonetheless, this projection assumes that global growth will be 0.4 percentage points under the 2010-2019 average and that production will persist in trailing its pre-pandemic path," the report states.
The WB estimates U.S. GDP growth for last year at 2.8 percent, exceeding prior expectations by 0.3 percentage points. The growth prediction for the U.S. economy this year has been raised by 0.5 percentage points to 2.3%. Growth is projected to reach 2% in 2026, compared to a June forecast of 1.8%.
The estimated GDP growth for the eurozone in 2024 is kept at 0.7%. Simultaneously, forecasts for 2025 were downgraded by 0.4 percentage points to 1%. Next year, the currency bloc's economy will expand by 1.2%, rather than 1.3% as earlier predicted.
source: worldbank.org
"Global growth is projected to have steadied at 2.7% last year and is expected to stay at that rate in 2025-2026." "Nonetheless, this projection assumes that global growth will be 0.4 percentage points under the 2010-2019 average and that production will persist in trailing its pre-pandemic path," the report states.
The WB estimates U.S. GDP growth for last year at 2.8 percent, exceeding prior expectations by 0.3 percentage points. The growth prediction for the U.S. economy this year has been raised by 0.5 percentage points to 2.3%. Growth is projected to reach 2% in 2026, compared to a June forecast of 1.8%.
The estimated GDP growth for the eurozone in 2024 is kept at 0.7%. Simultaneously, forecasts for 2025 were downgraded by 0.4 percentage points to 1%. Next year, the currency bloc's economy will expand by 1.2%, rather than 1.3% as earlier predicted.
source: worldbank.org