WNYT NewsChannel 13 on Nostr: World Bank boosts forecast: Strength of US economy will support global growth of 2.6% ...
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 by 2.6% this year, supported by sustained growth in the United States. The bank's latest outlook marks an increase from the 2.4% growth it had predicted in January. The agency cautioned that global growth remains sluggish, with the poorest countries struggling under heavy debts and high interest rates. The United States accounted for 80% of the World Bank's upgraded outlook, with the agency expecting the US economy to expand by 2.5% in 2024. Many countries are already under strain, with emerging market and developing countries expected to collectively grow by 4% this year, down from 4.2% in 2023. China's economy is expected to decelerate to 4.8% this year, while growth in Latin America is forecast to slow to 1.8% in 2024. The World Bank also expressed concerns about faltering trade and the increase in trade barriers between countries.
#WorldBank #GlobalEconomy #UsEconomy #GlobalGrowth #EconomicOutlook
https://wnyt.com/us-news/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 by 2.6% this year, supported by sustained growth in the United States. The bank's latest outlook marks an increase from the 2.4% growth it had predicted in January. The agency cautioned that global growth remains sluggish, with the poorest countries struggling under heavy debts and high interest rates. The United States accounted for 80% of the World Bank's upgraded outlook, with the agency expecting the US economy to expand by 2.5% in 2024. Many countries are already under strain, with emerging market and developing countries expected to collectively grow by 4% this year, down from 4.2% in 2023. China's economy is expected to decelerate to 4.8% this year, while growth in Latin America is forecast to slow to 1.8% in 2024. The World Bank also expressed concerns about faltering trade and the increase in trade barriers between countries.
#WorldBank #GlobalEconomy #UsEconomy #GlobalGrowth #EconomicOutlook
https://wnyt.com/us-news/world-bank-boosts-forecast-strength-of-us-economy-will-support-global-growth-of-2-6-this-year/