The World Bank expects the United States to be a key driver of global economic growth this year, upgrading its gross domestic product (GDP) forecast for the country by 0.9 percentage points.
“Global growth is envisaged to reach a slightly faster pace this year than previously expected, due mainly to the continued solid expansion of the U.S. economy,” a June 11 report from the bank said. The institution upgraded expected global growth for 2024 by 0.2 percentage points, to 2.6 percent.
