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World Bank predicts slow global growth, highlighting risks for developing economies.
The World Bank predicts global economic growth will remain at 2.7% for 2025 and 2026, which is insufficient to alleviate poverty.
While developing economies are expected to grow steadily at about 4%, this is their weakest outlook since 2000 and is slower than before the pandemic.
Factors contributing to this include high debt, weak investment, and climate change costs.
The World Bank emphasizes the need for domestic reforms and better trade relations to boost growth in these economies.
3 months ago
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