The world economy is growing steadily in the face of global conflict, protectionist trade policies and high interest rates.

Global economic growth is set to steady this year and next, but remain weak and below rates that would enable poor countries to narrow the income gap with rich ones as quickly as they did earlier in the century,

Global growth is expected to hold at an annual rate of 2.7 percent for the next two years, the same as in 2024, the bank’s economists said.

The world economy set to expand 2.7 per cent in 2025 and again in 2026, with global inflation forecast to average 2.7 per cent in both years.

By Andrea Shalal WASHINGTON (Reuters) -The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America's trading partners retaliate with tariffs of their own.

The World Bank predicts global economic growth of 2.7% this year amid concerns living standards will struggle to improve.

Global economic growth stabilized at a low level of 2.7% last year and is expected to hold steady in 2025 and 2026, according to World Bank estimates released on Thursday. However, the World Bank warned that this is not sufficient to make up for the damage caused by recent economic shocks such as the coronavirus pandemic.