Apr 16 (BNP): Middle-income economies are poised to become the primary drivers of global economic growth in the coming years, even as the world economy continues to face a range of new and evolving challenges, according to the World Economic Forum (WEF).
The outlook highlights that these economies are gaining importance due to strong demographic trends, expanding industrial capacity, and rising domestic consumption. Together, these factors are expected to support sustained economic expansion despite global uncertainties.
At the same time, the global growth environment remains uneven. Advanced economies are projected to experience relatively slower momentum, while middle-income nations are increasingly contributing a larger share to overall global output.
However, the WEF also cautions that multiple risks could weigh on this trajectory. These include geopolitical tensions, supply chain disruptions, inflationary pressures, and broader global financial volatility, all of which may affect the pace of recovery and long-term stability.
Overall, the global economic landscape is expected to remain balanced between opportunity and uncertainty, with middle-income economies emerging as key engines of growth while navigating a complex external environment.
