Reported about 1 year ago
The World Bank has upgraded its global economic forecast for 2024, citing strong growth in the United States as a key driver behind the improved outlook. The US economy is expected to grow by 2.5% this year, contributing significantly to the overall global growth forecast of 2.6%. Despite the positive outlook, the World Bank warns of sluggish growth compared to previous years, with concerns about heavy debts in poorer countries, increased trade barriers, and geopolitical tensions affecting various regions worldwide.
Source: YAHOO