Trend Growth paths split among advanced and emerging economies

Summary

The update describes a widening gap in growth paths across both advanced and emerging economies. Among advanced economies, the United States is expected to keep solid growth in 2026 while Europe and Japan remain sluggish. Among emerging economies, India, ASEAN and China are on a different trajectory from Russia and Brazil, a split the report calls a deepening bifurcation. China is lifted by strategic-industry investment and policy support and India and ASEAN by domestic demand and investment, whereas Russia is held back by sanctions and tight money and Brazil by high interest rates. For 2027 the report expects US growth to moderate, Europe to recover, Japan to stay slow, India and ASEAN to improve and Russia and Brazil to remain weak.