Better Than Expected
"Economists expect the global economy to expand by about 3% this year and next. Based on strength shown by the private sector and governments last year, despite economic shocks from trade disruptions and marketplace uncertainties.
"Experts revised their expectations upward after observing responses to tariff increases that began in April, investor optimism and surging tech investments. Worldwide, economic growth has averaged about 3% each year since 2021.
"Trade and market analysts were surprised that global economics, led by the U.S. and China recovered well following the 2020 recession.
"The risks rosy projections remain numerous: rising government debt levels, higher than predicted inflation, reduced AI investments, and economic or military disruptions to supply chains."