Global economy growing steadily, but not fast enough to help ease poverty: World Bank

Global economy growing steadily, but not fast enough to help ease poverty: World Bank https://www.taxtmi.com/news?id=30519 Global economic growth is steady but insufficient to ease global poverty, with the World Bank forecasting 2.7 percent global growth in 2025-26 and slower inflation. Developing economies are projected to grow around 4-4.1 percent, yet longstanding deceleration, weak investment, high debt, climate costs, protectionism and conflict mean this pace won't reverse poverty trends. Regional contrasts and policy uncertainty-particularly potential large shifts in trade, fiscal or immigration policies-could materially change global and national growth and inflation paths. en-us Fri, 17 Jan 2025 01:01:02 +0530 Fri, 17 Jan 2025 01:01:02 +0530 TaxTMI RSS Generator Global economy growing steadily, but not fast enough to help ease poverty: World Bank https://www.taxtmi.com/news?id=30519 Global economic growth is steady but insufficient to ease global poverty, with the World Bank forecasting 2.7 percent global growth in 2025-26 and slower inflation. Developing economies are projected to grow around 4-4.1 percent, yet longstanding deceleration, weak investment, high debt, climate costs, protectionism and conflict mean this pace won't reverse poverty trends. Regional contrasts and policy uncertainty-particularly potential large shifts in trade, fiscal or immigration policies-could materially change global and national growth and inflation paths. News - Fri, 17 Jan 2025 01:01:02 +0530 https://www.taxtmi.com/news?id=30519