India, Jan. 9 -- The global economy has shown resilience amid turbulence during the past year, including shifting trade policies - yet growth remains subdued and far below pre-pandemic levels, the UN said in a landmark report published on Thursday.

The World Economic Situation and Prospects 2026 predicts that global economic output will grow by 2.7 per cent this year, or slightly below the 2.8 per cent estimated for 2025 and well below the pre-pandemic average of 3.2 per cent.

The report noted that a sharp increase in United States tariffs "created new trade frictions, though the absence of broader escalation helped limit immediate disruptions to international commerce."

Unexpected resilience to the tariffs shock, supported by solid co...