Global growth is projected to stabilize at 2.6 percent this year, holding steady for the first time in three years despite flaring geopolitical tensions and high interest rates. By 2025–26, growth is expected to edge up to 2.7 percent alongside modest expansions in trade and investment, according to the Global Economic Prospects Report. Reflecting continued inflationary pressures, central banks in both advanced economies and emerging market and developing economies (EMDEs) are likely to remain cautious in easing policy. As such, interest rates over the next few years are set to be markedly higher than prior to the ... (full story)