1 hr ago

UN Warns Developing-Economy Growth Is Splitting as Asian Economies Lead

UN Warns Developing-Economy Growth Is Splitting as Asian Economies Lead
Developing Economy Growth Bifurcate As India, Indonesia, China Grow Faster: UNCTAD · deccanchronicle.com

The UN says the world economy will grow more slowly in 2026 and 2027 than it did in 2025.

Developing countries are not all growing at the same pace.

India, Indonesia and China are expected to grow relatively quickly.

Many other developing economies have lagged behind their growth rates from the mid-2010s.

India’s growth is helped by people buying things, more manufacturing and government infrastructure projects.

But rising prices and costs are slowing household spending.

Higher borrowing costs and inflation are also weighing on economies around the world.

Trade is still expected to grow, partly because of demand for equipment used in AI data centres.

Key facts

Global growth forecast, 2026
2.6%, down from 2.9% in 2025
Global growth forecast, 2027
2.7%
Developing-economy growth forecast, 2026
4%, down from 4.7% in 2025
India growth forecast
7.3% in 2026 and 6.8% in 2027
Indonesia growth forecast, 2026
5.2%
China growth forecast, 2026
4.5%
Real global trade growth
4.4% in 2025; about 4% forecast for 2026

Sources

Related news