... 2026 PIIE Global Economic Prospects, the Institute's semiannual outlook ... Tianlei Huang discusses China's growth outlook in the wake of the
# World Economic Outlook Update. World Economic Outlook Update, January 2026: Global Economy: Steady amid Divergent Forces. #### Resilient growth as technology and adaptability offset trade policy headwinds. World Economic Outlook Update, January 2026: Global Economy: Steady amid Divergent Forces. Global growth is projected at 3.3 percent for 2026 and 3.2 percent for 2027, revised slightly up since the October 2025 World Economic Outlook. World Economic Outlook Update, January 2026: Projections Table. ###### World Economic Outlook Update, October 2025: Three Essential Questions. ###### Press Briefing: World Economic Outlook, October 2025. ###### World Economic Outlook, October 2025: Key Facts. ###### World Economic Outlook Update, October 2025: Three Essential Questions. ###### Press Briefing: World Economic Outlook, October 2025. ###### World Economic Outlook, October 2025: Key Facts. ###### World Economic Outlook Update, October 2025: Three Essential Questions. ###### Press Briefing: World Economic Outlook, October 2025. ###### World Economic Outlook, October 2025: Key Facts. Regional Economic Outlook Reports, All Regions.
Global GDP growth is projected to remain broadly stable at 2.9% in 2026 ... percentage point higher than previously expected in 2026 at 4.0
In the United States, a modest economic tailwind fueled by expansionary fiscal policies and rate cuts will help push growth to 2.2% in 2026, write RSM US Chief Economist Joe Brusuelas and Economist Tuan Nguyen. * **Australia:** The economy will remain resilient amid global uncertainties, producing steady but modest growth of 2%, writes RSM Australia economist Devika Shivadekar. For this reason, we are attaching a 25% probability that growth will increase to 2.5% or higher as inflation eases and the Fed pushes its policy rate to 3% more quickly than investors are pricing in. Should productivity improve, those gains would create the conditions for a quicker return to the Fed’s 2% inflation target, which would provide the ingredients for stronger growth, lower Fed rates and a decline in the 10-year Treasury yield. The combination of a loosening labor market, slower pay growth and lower inflation will allow the Bank of England to cut interest rates in December and potentially twice more next year, taking rates to 3.25%.
Inflation trended higher in 2025 from the lows of mid-2024, with the headline rate in line with the Bank of Canada’s 2% target and underlying measures trading closer to the top of the 1%-to-3% target band.[6](https://www.deloitte.com/us/en/insights/topics/economy/global-economic-outlook-2026.html#endnote-6) Inflation expectations, however, remain contained, and given the economy expanded below its potential pace for three successive years, price pressures are expected to remain limited. Real GDP was 2.1% higher in the second quarter compared with a year earlier.[15](https://www.deloitte.com/us/en/insights/topics/economy/global-economic-outlook-2026.html#endnote-15) Consumer spending and business investment have been the primary growth engines despite significant headwinds. This will likely be fueled by reforms in key sectors like telecom and banking, which are attracting new investment, government spending on infrastructure and election-related activities, and the country’s strong agricultural exports.[92](https://www.deloitte.com/us/en/insights/topics/economy/global-economic-outlook-2026.html#endnote-92) However, risks remain. Inflation is expected to remain elevated at 13.2% for the 2025/26 fiscal year,[96](https://www.deloitte.com/us/en/insights/topics/economy/global-economic-outlook-2026.html#endnote-96) driven by high food and fuel costs, currency depreciation, and increased government spending ahead of elections.
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What do the IMF's latest forecasts reveal about the trajectory of the global economy? Following the release of the spring 2026 World
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