Global Economic Prospects, January 2025

World Bank Group

• Publisher: World Bank Publications
• Year: 2025
• Topic: Economics
• eBook ISBN:
  9781464821943
• Subtopic: Business General
• Index: Economics

Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development—with the possibility of further headwinds from heightened policy uncertainty and adverse trade policy shifts, geopolitical tensions, persistent inflation, and climate-related natural disasters. Against this backdrop, emerging market and developing economies are set to enter the second quarter of the twenty-first century with per capita incomes on a trajectory that implies substantially slower catch-up toward advanced economy living standards than they previously experienced. Without course corrections, most low-income countries are unlikely to graduate to middle-income status by the middle of the century. Policy action at both global and national levels is needed to foster a more favorable external environment, enhance macroeconomic stability, reduce structural constraints, address the effects of climate change, and thus accelerate long-term growth and development.

Table of contents

• Cover
• Title Page
• Copyright Page
• Contents
• Acknowledgments
• Foreword
• Executive Summary
• Abbreviations
• Chapter 1 Global Outlook
• Chapter 2 Regional Outlooks
• Chapter 3 From Tailwinds to Headwinds: Emerging and Developing Economies in the Twenty-First Century
• Chapter 4 Falling Graduation Prospects: Low-Income Countries in the Twenty-First Century
• Statistical Appendix
• ECO-AUDIT: ECO-AUDIT: Environmental Benefits Statement
• Back Cover