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World Bank Projects 5.6% Growth for Low-Income

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World Bank

World Bank projects 5.6% growth in low-income countries by 2027, driven by domestic demand, exports recovery, and easing inflation

The World Bank Group has projected a 5.6 per cent growth rate over the next two years for low-income countries, citing stronger domestic demand, recovery in exports, and easing inflation as key drivers.

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Also read: World Bank Forecasts 4.4% Growth for Nigeria in 2026–2027

In its latest Global Economic Prospects report, the global lender noted that while growth in developing economies will remain positive, the income gap between advanced and emerging nations will continue to narrow.

Per capita income growth in developing countries is projected at three per cent in 2026, about one percentage point below the 2000 and 2019 average, leaving income levels at only 12 per cent of those in advanced economies.

Global inflation is expected to ease to 2.6 per cent in 2026, reflecting softer labour markets and lower energy costs. Growth is anticipated to accelerate in 2027 as trade flows adjust and policy uncertainty diminishes.

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The World Bank projects growth in developing economies to dip slightly to 4 per cent in 2026 from 4.2 per cent in 2025 before rising to 4.1 per cent in 2027, supported by stabilising commodity prices, improved financial conditions, and increased investment flows.

Chief Economist and Senior Vice President for Development Economics, Indermit Gill, highlighted the resilience of the global economy despite slower growth compared with previous decades.

He stressed that governments must prioritise private investment, trade liberalisation, technology, and education to avoid stagnation and joblessness.

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Deputy Chief Economist M. Ayhan Kose warned that high public debt in emerging and developing economies remains a pressing challenge.

He emphasised the need for well-designed fiscal rules to stabilise debt, rebuild policy buffers, and enhance growth, noting that more than half of developing economies now implement at least one fiscal rule.

“Fiscal rules alone are insufficient; credibility, enforcement, and political commitment ultimately determine their effectiveness in promoting stability and growth,” Kose said.

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The report also noted that the global economy has shown unexpected resilience despite trade tensions and policy uncertainty, with the United States accounting for much of the upward revision to the 2026 forecast.

However, the World Bank cautioned that the 2020s may emerge as the weakest decade for global growth since the 1960s, potentially widening global living standards gaps.

Also read: World Bank Says Electricity Can Transform Africa

The report concludes that easing global financial conditions and fiscal expansions in major economies will partially cushion the slowdown, but sustainable growth in low-income countries will require continued investment in domestic demand, exports, and fiscal stability.

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Rest of World to Shut Down as Search for New Home Continues

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Rest of World

Rest of World shutdown plans point to January 2027 as leaders seek a new institutional home for the nonprofit technology newsroom

Rest of World, the international nonprofit digital publication known for reporting on technology’s impact beyond Western markets, is preparing to end operations as an independent organisation in January 2027 while its leadership searches for a new institutional home.

Also read: Flamingos Target Quarter-Finals in Mexico Clash

Deputy Editor Rina Chandran confirmed the development in a LinkedIn post on Monday, October 26, 2026, saying the newsroom would continue publishing until the end of January as efforts to secure a future for the publication continued.

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“Yes, it’s true: Rest of World is shutting down. After six years of award-winning reporting, our leadership is searching for a new home for the publication that was launched to cover innovation outside the West,” Chandran wrote.

She recalled joining the publication as its Southeast Asia editor in Bangkok before moving to San Francisco, where she became a deputy editor covering how technology developed in Silicon Valley affects people in other parts of the world.

Chandran described working with the publication’s reporters, editors, freelancers and columnists as a privilege, expressing appreciation for the people who contributed to its journalism.

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She also reassured contributors that work already commissioned would still be published and that existing journalism would be preserved and remain accessible.

“If you are a freelancer or columnist who has already been commissioned, you’re good! Your work will be preserved and continue to be accessible,” she wrote, thanking readers, donors and supporters.

The announcement follows a report by Semafor on Sunday that Rest of World founder and principal financial backer Sophie Schmidt had held discussions with several large institutions about potentially taking over the newsroom.

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According to Semafor, two people familiar with the plans said a late-January wind-down date had been set to give employees time to receive exit packages and seek new jobs if efforts to find a new institutional home failed.

Schmidt reportedly told donors that the publication would stop operating as a standalone entity at the end of January.

The proposed closure comes amid a reported decline in traffic from web searches and social media referrals over the preceding 18 months.

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The publication had attempted to retain readers by placing greater emphasis on Western audiences and requiring visitors to register before accessing articles.

Founded in 2020, Rest of World sought to broaden technology journalism beyond the traditional focus on Silicon Valley and other Western technology centres.

Its reporting examined how digital products, platforms and infrastructure shape everyday life, work and economies in emerging markets and other underreported regions.

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Schmidt pledged $60m to establish the project as a nonprofit newsroom.

Over the years, its coverage has explored technology-driven changes in labour markets, digital infrastructure, artificial intelligence and the influence of major technology companies.

The publication’s 2025 annual report said it reached more than 753,000 readers monthly across platforms and channels, with reporting spanning nearly 40 countries during the year.

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Those figures illustrate the scale of its international reporting, even as the organisation faces difficulties sustaining its current operating model.

The planned end of independent operations does not necessarily mean the publication’s journalism will disappear.

Its leadership is seeking an institution that could provide a future for the newsroom, while Chandran has said its existing work will remain accessible.

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Also read: Flamingos Target Quarter-Finals in Mexico Clash

Whether a suitable organisation will take over the publication, and what form Rest of World might take under new ownership or institutional support, remains unresolved.

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