High interest rates and trade tensions pose risks to a newly upbeat forecast, though.
A "now hiring" sign at a FedEx location in New York City on June 7. The World Bank says the U.S. economy is helping prop up the overall world economy. The global economy is in better shape than it was at the start of the year, thanks largely to the performance of the United States, the World Bank said in its latest forecast Tuesday. But the sunnier outlook could cloud over if major central banks — including theof 2.4 percent, the bank said.
in January. The United States is the only advanced economy growing significantly faster than the bank anticipated at the start of the year.“Globally, overall things are better today than they were just four or five months ago,” said Indermit Gill, the World Bank’s chief economist. “A big part of this has to do with the resilience of the U.S. economy.”Summary is AI-generated, newsroom-reviewed.The bank credited “U.S.
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