World Bank upgrades global growth forecast

By Agence France-Presse

Jun 13, 2024 12:36 am

WASHINGTON — The World Bank raised its global growth outlook on Tuesday on the back of resilient consumer spending in the United States but warned that growth remains weak by historical standards.

In updated forecasts, the Washington-based development lender said it now expects the world economy to grow by 2.6 percent this year in real terms, up 0.2 percentage points from its last update in January.

A general view shows the World Bank Group headquarters building in Washington, DC, on April 9, 2023. The World Bank raised its global growth outlook on June 11, 2024, on the back of resilient consumer spending in the United States, but warned that growth remains weak by historical standards. Daniel SLIM / AFP

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Peso seen hitting P59:$1

Topline IPO postponed to Q1 2025

Citi trims PH growth forecast

DA: Rice production to fall below estimate

Higher climate funding sought by PH at COP29

Seized smuggled vapes hit P5.07B as of October

Developers shift focus from NCR