[world Bank raises China's economic growth forecast to 5.6% this year] the World Bank, in its latest Global Economic Outlook report, raised its forecast for world economic growth to 2.1% from 1.7% in the January report. The main reason for the increase is that the world's major economies are more resilient than previously expected. At the same time, the "report" believes that the tightening of credit conditions triggered by the wave of interest rate increases by central banks around the world will lead to a decline in corporate investment and household consumption, thus lowering the forecast for world economic growth in 2024 by 0.3 percentage points to 2.4%. Regionally, the World Bank raised its forecast for China's economic growth this year to 5.6 per cent, up significantly from 4.3 per cent in the Global Economic Outlook in January and 5.1 per cent in the East Asia and Pacific half-yearly Economic report in April. In addition, the "report" also raised the economic growth forecast of the United States to 1.1% this year, and the economic growth forecast of the euro area this year to 0.4%.