- January forecast was +2.4%
- US growth seen at 2.5% vs 1.6% in Jan
- China seen at 4.8% vs 4.5%
- India seen at 6.6% vs 6.4% prior
- Sees 2.7% global growth in 2025 and 2026
- World Banks says that if interest rates stay higher for longer, then global growth could be 2.4% next year
- Full report
This is all about the US, with the upgrade there accounting for 80% of the global improvement. I don’t think any of this is a surprise to markets but it’s a good reminder of what’s changed since January and why the US dollar has been strong this year.
This article was written by Adam Button at www.forexlive.com.
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