The World Bank upgraded its outlook for the global economy ... said the global economy appears to be approaching a “soft landing” in 2024, meaning a global recession has been avoided despite ...

In 2000, the World Bank classified 63 countries as “low income.” Since then, India, Indonesia and 37 other nations have advanced to “middle-income” status, meaning their annual per-person ...

Chart: The Economist World Bank officials hope that economic growth will soar across the developing world, meaning countries will be prosperous enough to no longer qualify for support. With growth ...