WASHINGTON (Reuters) – The World Bank on Tuesday revised its global growth outlook for 2024 slightly upwards, citing a better-than-expected performance by the U.S. economy, while warning that it would remain well below expected growth through 2026. levels before the COVID-19 pandemic.
The financial institution indicates in its latest report on the global economic outlook that growth must stabilize at 2.6% in 2024, the same level as in 2023, which represents an increase of 0.2 percentage points per year. compared to its January forecast, largely thanks to strong US demand.
The World Bank now forecasts economic growth of 2.5% in 2024 in the United States, a significant increase compared to its January forecast (+1.6%).
“In a sense, we see a runway for a soft landing,” Ayhan Kose, deputy chief economist at the World Bank, said in an interview with Reuters.
High interest rates have helped reduce inflation without causing major job losses or other shocks in the United States or other major economies, he said.
In contrast, the World Bank forecasts the global economy to grow by 2.7% in 2025 and 2026, well below the 3.1% average recorded in the decade before the COVID-19 pandemic.
(Reporting David Lawder; Diana Mandiá)
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