According to the information compiled by the AA correspondent from the organization's "Global Economic Outlook" report, the world economy is expected to grow 3 percent in 2026 and 3.2 percent in 2027 and 2028.
While upward revisions in national income data of countries such as the USA and India support global growth forecasts, the world economy is growing at the slowest pace since 2020.
The Conference Board predicted that developing economies will grow 3.7 percent in 2026 and 4.3 percent in 2027. Growth estimates for the Turkish economy were 2.5 percent and 3 percent, respectively, for the same years.
Global economic activities are under the influence of opposing factors such as geopolitical tensions, uncertainties in trade policies and high financing costs, as well as strong artificial intelligence investments.
While conflicts in the Middle East increase global inflation by increasing energy, transportation and insurance costs, this causes interest rates to remain at high levels for a long time.
While artificial intelligence investments support growth in the USA and technology-intensive Asian economies, it is noteworthy that the economic contribution of these investments is not distributed equally among countries.
Turkish economy is expected to grow by 3.4 percent in 2028
According to the research, the Turkish economy is expected to grow by 3.4 percent in 2028. Developing economies are expected to grow 3.7 percent in 2026 and 4.3 percent in 2027 and 2028.
While it is estimated that Türkiye will increase its growth rate by 0.5 points in 2027 compared to the previous year and by 0.4 points in 2028, the growth gap between it and developing economies is expected to narrow in 2028.
It is estimated that developing economies will grow at an average annual rate of 3.2 percent in the 2028-2032 period and 3.1 percent in the 2033-2037 period. The Turkish economy is expected to grow at an average annual rate of 2.2 percent and 1.4 percent, respectively, in the same periods, while the world economy is expected to grow at 2.6 percent and 2.4 percent.
Artificial intelligence investments are not distributed equally among countries
According to the "Global Economic Outlook" report, artificial intelligence investments, which have become important for global economic activities, have become a source of growth that is not evenly distributed among countries.
While artificial intelligence infrastructure investments, especially in the USA, support economic growth, technology-intensive Asian economies also benefit from the global demand for such investments. However, the economic gains from artificial intelligence investments are concentrated in certain countries and sectors. These investments cannot fully compensate for weak consumer demand in other economies.
It is stated that the global economic outlook may differ depending on the size and continuity of artificial intelligence investments.
Conflicts in the Middle East stand out among the main short-term risks to global economic activities. While developments in the region affect international transportation and insurance costs as well as energy markets, this causes inflation pressures to continue worldwide.
Global trade remains resilient despite uncertainties
While global trade displays a resilient outlook despite the uncertainties, it is stated that fluctuations in customs tariffs may increase again.
It is estimated that global growth may be between 3 percent and 3.4 percent in 2027, depending on the duration of energy and trade disruptions originating from the Middle East and the strength of artificial intelligence investments in the United States.
In the basic scenario of the organization, there is a growth forecast of 3.2 percent for 2027. The fact that interest rates remain at high levels in major developed economies poses a risk for companies' financing and investment plans.
Inflation in the US is expected to remain above target level through 2027
Inflation in the US is expected to remain above the target level through 2027. It is stated that this situation may limit the relaxation area in monetary policy.
In the Eurozone, inflation pressures are strengthening again despite the weakness in industrial activities. It is stated that high interest rates can suppress investments and consumer spending by increasing companies' borrowing costs.
Global economic growth is expected to be shaped in the coming period depending on geopolitical developments, trade policies, inflation, interest rates and the course of artificial intelligence investments.
