World Bank boosts forecast: Strength of US economy will support global growth of 2.6% this year
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The World Bank has upgraded its outlook for the global economy, estimating that it will expand 2.6% this year, with the strength of the US economy being a major factor. The bank had previously predicted 2.4% growth for 2024. The US economy is expected to expand 2.5% in 2024, up from the 1.6% predicted in January. However, the World Bank cautioned that global growth remains sluggish, with increased trade barriers and ongoing conflicts in Ukraine and Gaza posing threats to prosperity worldwide. The bank also expressed concerns about heavy debts and high interest rates in the poorest countries.

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https://apnews.com/article/economy-global-inflation-growth-china-world-bank-c7b22580a44579c418a1cb10b61c2402