World Bank projects global economic growth rate of 2.7% in 2025

The global economy is expected to grow by 2-point-7 percent in 2025 and again in 2026.

That's according to the World Bank's World Economic Prospects report released on Thursday.

It added that while the global economy stab, the economies of developing countries are expected to make a slow progress in catching up with the advanced economies.

Among the advanced economies, the U.S. is expected to grow 2-point-3 percent this year, while Japan is forecast to grow just 1-point-2 percent.

China is expected to see growth of 4-point-5 percent this year.