World Bank raises South Asia growth projection to 6.9% for 2026
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- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The World Bank has raised its growth projection for South Asia, forecasting 6.9% growth for the region in 2026. This represents an upward revision of 60 basis points from the earlier projection and is 10 basis points higher than the estimate from a year ago. The bank attributes this resilience to strong consumer demand that has absorbed energy shocks.
From shafaqna.com
Why it matters
The outlook remains subject to several risks, including stubbornly high oil prices, the potential for severe weather events, and a sharp correction in global markets. The bank noted that while consumers are still spending, the region remains vulnerable to external shocks.
From shafaqna.com
Who's involved
- World BankInternational financial institution providing economic assessments and forecasts.
- South AsiaGeopolitical region whose economic outlook is assessed by the World Bank.
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The entities involved
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World Bank
international financial institution
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South Asia
southern region of Asia