World Bank Raises 2026 Global Growth Forecast to 2.6 Pct

Washington, Jan. 13 (Jiji Press)--The World Bank on Tuesday raised its global economic growth forecast for 2026 to 2.6 pct from 2.4 pct projected in June last year, citing contributions from the U.S. economy's steady performance.

In its latest Global Economic Prospects report, the Washington-based institution put the world's real gross domestic product growth for 2027 at 2.7 pct, up 0.1 percentage point.

World Bank chief economist Indermit Gill suggested that growth is expected to remain stable through 2027.

However, the report showed concern over the widening growth gap between advanced and developing economies, saying that the economic recovery from the COVID-19 pandemic was led by developed economies.

The projection on Japan's real GDP growth was kept unchanged at 0.8 pct for 2026 and 2027, slower than 1.3 pct for 2025. Still, the World Bank expects consumption and investment in the country to maintain momentum despite the Bank of Japan's tighter monetary policy.

[Copyright The Jiji Press, Ltd.]