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Shopping in a Whole Foods Market supermarket in New York on Wednesday, June 5, 2024.

Sipa USA

Global economy brightens, and US inflation eases, but costs remain high

It's time for a mid-year economic checkup! According to the World Bank, the global economy has improved since the start of the year. Growth increased by 2.6%, and average inflation is at a three-year low – bringing us closer to the “soft landing” economists have aimed for since the end of the COVID-19 shutdown. And experts say we have the strength of the US economy to thank.

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