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Democracy Dies in Darkness
Economy


SURPRISING U.S. ECONOMY IS POWERING BETTER GLOBAL OUTLOOK, WORLD BANK SAYS

High interest rates and trade tensions pose risks to a newly upbeat forecast,
though.

By David J. Lynch
Updated June 11, 2024 at 3:13 p.m. EDT|Published June 11, 2024 at 9:30 a.m. EDT

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.
(Michael M. Santiago/Getty Images)

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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 the Federal Reserve — keep interest rates at elevated
levels.


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