The World Bank, today Tuesday, raised its global growth forecasts for 2023 due to greater-than-expected resilience in the U.S. economy and other major economies. However, it stated that high interest rates would lead to a larger-than-expected decline next year. The bank added in its latest Global Economic Outlook report that the real global GDP is set to increase by 2.1 percent this year.
The World Bank Raises Global Growth Forecasts
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