Take Two: World Bank lifts global GDP forecast; US inflation holds steady

This BNP Paribas Asset Management Market Update reviews fresh macro signals, led by the World Bank’s latest forecasts and steady US inflation data.

• The World Bank raised its 2026–27 global GDP outlook to 2.6% / 2.7% (from 2.4% / 2.6%), helped by stronger US momentum.

• Resilience is asymmetric: ~90% of advanced economies are above pre-pandemic per-capita income, while >25% of emerging/developing economies remain poorer than in 2019.

• Markets leaned risk-on: gold topped $4,600/oz, while the tech rally is led by AI “picks-and-shovels” infrastructure providers rather than AI developers.