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,

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

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.

According to a report released by the World Bank on Thursday, global economic growth is expected to flatline at 2.7% in 2025 and 2026, the same lackluster pace as last year. That’s not even close to the pre-COVID-19 boom years,