Tuesday, January 13, 2026 at 2:39 PM
The World Bank reports that the global economy is expected to grow more rapidly than previously anticipated, despite facing challenges such as tariff hikes, but is still on track for its weakest decade in fifty years.
The global economy is set to grow faster than previously expected this year, though could falter if trade barriers rise again and geopolitical conflicts intensify, it said.
Momentum slowed recently, with last year’s economic performance underscoring how China’s growth has become increasingly lopsided.
Senior state planners are formulating a five-year plan to lift domestic demand, acknowledging that the world’s second-largest economy currently faces an imbalance between “strong supply and weak demand.”
With the Fed under pressure to cut interest rates more, its counterpart in Australia is facing a different dynamic with implications for global currency and fixed-income markets.
