WASHINGTON, D.C. — With global growth stabilizing for the first time in three years, inflation reaching a three-year low and financial conditions brightening, the global economy seems to be on its final approach for a "soft landing." But there are also bright spots in the global economy. US dynamism is a key reason the global economy has some upside potential over the next two years. But they must also recognize that, in much of the world, growth remains too slow to support progress on development and poverty reduction. Without stronger international cooperation and policies that advance shared prosperity, the global economy will remain stuck in the slow lane.

Source: Manila Times June 15, 2024 16:40 UTC