《全球经济展望》，2026年1月

JANUARY 2026 GlobalEconomicProspects GlobalEconomicProspects JANUARY 2026 GlobalEconomicProspects The text of this advance edition is a work in progress for the forthcoming reportGlobal Economic Prospects,January 2026(doi: 10.1596/978-1-4648-2267-4). A PDF of the final book, once published, will be available athttps://openknowledge.worldbank.org/ and http://documents.worldbank.org/, and print copies can be ordered atwww.amazon.com. Please use the final version of the report for citation, reproduction, and adaptation purposes. © 2026 International Bank for Reconstruction and Development / The World Bank1818 H Street NW, Washington, DC 20433Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, andconclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors,or the governments they represent. The World Bank does not guarantee the accuracy, completeness, or currency of the dataincluded in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, orliability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. Theboundaries, colors, denominations, links/footnotes and other information shown in this work do not imply any judgmenton the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of suchboundaries. The citation of works authored by others does not mean the World Bank endorses the views expressed by thoseauthors or the content of their works. Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges andimmunities of The World Bank, all of which are specifically reserved. Rights and Permissions This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)http://creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attribution license, you are free to copy,distribute, transmit, and adapt this work, including for commercial purposes, under the following conditions: Attribution—Please cite the work as follows: World Bank. 2026.Global Economic Prospects, January 2026. Advance edition.Washington, DC: World Bank. License: Creative Commons Attribution CC BY 3.0 IGO Translations—If you create a translation of this work, please add the following disclaimer along with the attribution:This translation was not created by The World Bank and should not be considered an official World Bank translation. The WorldBank shall not be liable for any content or error in this translation. Adaptations—If you create an adaptation of this work, please add the following disclaimer along with the attribution:This is an adaptation of an original work by The World Bank. Views and opinions expressed in the adaptation are the soleresponsibility of the author or authors of the adaptation and are not endorsed by The World Bank. Third-party content—The World Bank does not necessarily own each component of the content contained within thework. The World Bank therefore does not warrant that the use of any third-party-owned individual component or partcontained in the work will not infringe on the rights of those third parties. The risk of claims resulting from suchinfringement rests solely with you. If you wish to reuse a component of the work, it is your responsibility to determinewhether permission is needed for that reuse and to obtain permission from the copyright owner. Examples of componentscan include, but are not limited to, tables, figures, or images. All queries on rights and licenses should be addressed to World Bank Publications, The World Bank Group, 1818 H StreetNW, Washington, DC 20433, USA; e-mail: pubrights@worldbank.org. Cover design: Bill Pragluski, Critical Stages LLC. Summary of Contents Acknowledgments.............................................................................................................................. xiiiForeword .............................................................................................................................................xvExecutive Summary .......................................................................................................................... xviiAbbreviations .....................................................................................................................................xix Global Outlook........................................................................................................1 Box 1.1Global recovery: Surprisingly strong, disappointingly uneven ........................... 8Box 1.2Regional perspectives: Outlook and risks........................................................ 22Box 1.3Low-income countries: Recent developments and outlook.............