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.

A majority of chief economists worldwide expect weaker global economic conditions in 2025 but India is likely to maintain a strong growth despite signs of some momentum being lost, a new report said on Thursday.