Global GDP growth is projected to remain broadly stable at 2.9% in 2026 before edging up to 3.0% in 2027, sustained by robust technology-related
# 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.
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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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### [2026 Global Outlook: A Strong Year for Risk Assets](/insights/podcasts/thoughts-on-the-market/global-economic-outlook-2026-cross-asset-perspective-seth-carpenter-serena-tang). **Seth Carpenter:** Yesterday, Serena, we discussed our views on the global economy, and today I'm going to turn the tables on you and start asking you questions about our market outlook and how to invest across regions and across asset classes. And this steepening will be very much driven by what happens in the two-year point – I think as markets continue to, we think, underpriced, future Fed easing and growth slow down tail risks. [Explore Episode](/insights/podcasts/thoughts-on-the-market/global-economic-outlook-2026-cross-asset-perspective-seth-carpenter-serena-tang). ### [2026 Global Outlook: Slower Growth and Inflation](/insights/podcasts/thoughts-on-the-market/global-economic-outlook-part-1-serena-tang-seth-carpenter). **Seth Carpenter:** We really think next year is going to be the global economy slowing down a little bit more just like it did this year, settling into a slower growth rate. Layer on top of that, the Fed who's been clearly willing to start to ease interest rates sooner than we thought at the time of the mid-year outlook – all comes together for a little bit better outlook for growth for 2026 in the U.S. [Explore Episode](/insights/podcasts/thoughts-on-the-market/global-economic-outlook-part-1-serena-tang-seth-carpenter).
... 2026 PIIE Global Economic Prospects, the Institute's semiannual outlook for the US and global economies ... trends are showing up in US labor