WASHINGTON (AP) — The world economy is picking up momentum.
The International Monetary Fund on Tuesday raised its forecast for global growth to 3.6 percent this year and 3.7 percent in 2018. For both years, the outlook is up 0.1 percentage points from the IMF's previous forecast in July and would mark the fastest growth since 2011. The world economy grew 3.2 percent in 2016.
The United States, the 19-country eurozone, Japan and China are all forecast to grow faster this year.
World trade is expected to grow 4.2 percent this year, the most in six years.
IMF chief economist Maurice Obstfeld said the sunnier outlook for the United States — 2.2 growth this year versus 1.5 percent in 2016 — did not include any expectations that the U.S. Congress will pass big tax cuts and just reflected healthy U.S. growth in the first half of 2017.
A pickup in investment, industrial production and consumer and business confidence also underpins the improved global outlook.
But lackluster productivity growth and aging populations continue to drag on growth in the world's wealthiest countries. The international lending agency also notes that inflation remains worryingly low, a sign that the world economy still has not returned to full health in the aftermath of the Great Recession of 2007-2009.
China is expected to report faster growth this year for the first time since 2010, easing concerns that fallout from a slowdown in the world's second-biggest economy will drag down growth elsewhere. But the IMF warns that China has taken on high debts to juice growth and advised Chinese authorities to continue a recent effort to limit growth in credit.
In an indirect reference to the election of President Donald Trump in the United States and Britain's decision to leave the European Union, chief economist Obstfeld also warned that growing income inequality within countries has "helped fuel political disenchantment" and a backlash against globalization.
Professional football is back in San Diego for the first time in more than two years. The San Diego Fleet's first ever home game against the Atlanta Legends got underway Sunday evening at SDCCU stadium.
An hours-long standoff ended Sunday afternoon after a man barricaded himself in a Poway building for much of the morning and early afternoon.
A resident of a Ramona house was unaccounted for Saturday after flames fully engulfed the structure and firefighters planned to resume their search Sunday morning, authorities said.
The San Diego County Women's Hall of Fame will induct five local women for their life's achievements next month, the organization announced Sunday.
San Diego police on Saturday released the names of the SWAT officers involved in a shooting and a standoff in Paradise Hills early on Valentine's Day.
Following a series of low pressures, a stronger, colder system on Sunday will bring a chance of snow to San Diego mountains.
The U.S. Navy commissioned its newest combat ship on Saturday, the USS Tulsa, which eventually will be docked in San Diego.
More than 150 current and former service members and their families gathered on the USS Midway on Saturday morning.
Dozens of people on Saturday fell victim to a brunch scam that was supposed to take place at the Del Mar Fairgrounds.
One person was shot and seriously injured outside a Kearny Mesa restaurant Friday night - sending diners running for cover.