Global economic growth is forecast to decline to 2.7 per cent in 2026 from 2.8 per cent last year before increasing to 2.9 per cent in 2027 - still down from the pre-pandemic average ⁠of 3.2 per cent between 2010 and 2019, according to a United Nations report. The World Economic Situation and Prospects report said while a sharp increase in US tariffs in 2025 created new trade tensions, the absence of broader escalation has helped limit disruptions to international commerce. "Despite the tariff shock, global economic activity proved resilient, supported by front-loaded shipments, inventory accumulation, and solid ... (full story)