TNPSC Thervupettagam

Global Economic Prospects 2026

January 21 , 2026 10 hrs 0 min 18 0
  • The World Bank released the Global Economic Prospects (GEP) report, published twice yearly to assess global growth.
  • India’s growth forecast for fiscal year 2025-26 was revised up to 7.2%, from 6.3% projected in June 2025.
  • Growth drivers in India include strong local demand, rising private consumption, tax reforms, and increasing rural household incomes.
  • Global trade growth is expected to slow from 3.4% in 2025 to 2.2% in 2026.
  • Government debt in emerging market and developing economies (EMDEs) has reached a 55-year high of nearly 70% of GDP.

 

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