The global economy is growing steadily in the face of war, protectionist trade policies and high interest rates. It just isn’t growing fast enough to bring relief to the world’s poorest, the World Bank said Thursday in its latest assessment of the global economy.

Global economic growth is set to steady this year and next, but remain weak and below rates that would enable poor countries to narrow the income gap with rich ones as quickly as they did earlier in the century,

According to a report released by the World Bank on Thursday, global economic growth is expected to flatline at 2.7% in 2025 and 2026, the same lackluster pace as last year. That’s not even close to the pre-COVID-19 boom years,