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Welcome to ‘the Tepid Twenties’? The US economy’s strength won’t be enough to boost global growth | CNN Business

Welcome to ‘the Tepid Twenties’? The US economy’s strength won’t be enough to boost global growth | CNN Business
The global economy is at risk of stagnating in the coming years — and America’s robust economic strength may not be enough to save it.

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The global economy is at risk of stagnating in the coming years, with Europe and China experiencing lackluster growth. The International Monetary Fund's managing director, Kristalina Georgieva, has warned that without a course correction, the world is heading for a sluggish and disappointing decade. The US, however, has been experiencing robust economic growth, thanks to strong consumer spending and gains in productivity. Policymakers around the world need to tackle a slew of economic issues to invigorate growth. Meanwhile, Turkey has halted all import and export transactions with Israel in protest over the war in Gaza, affecting a $7 billion trade relationship. Upcoming events include earnings from various companies and reports on trade surplus and unemployment benefits.

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