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.
A suspected drunk driver was shot by sheriff's deputies after leading them on a pursuit across North County freeways Friday night, the San Diego County Sheriff's Department said.
Fire crews responded to a fully involved building fire in the 7000 block of Amherst Drive in Rolando.
The woman fatally shot at an Oceanside apartment Friday afternoon was identified as a Navy corpsman, and a suspect is in custody.
Warner Bros. brought out all the stops Saturday at Comic-Con with an army of stars, surprises and new footage from films like "Aquaman," ''Shazam!" and even "Wonder Woman 1984," which is only three and a half weeks into production.
Detectives are investigating the circumstances surrounding a man who died Saturday morning on a sidewalk in Old Town.
Fire crews have reached full containment of a wildfire that spread over hilly rural terrain east of Ramona Friday afternoon, officials said.
A strong high pressure ridge will slowly strengthen and expand, putting Southern California underneath it's dome of hot air.
For years, Honor Flight San Diego has fulfilled its mission to fly San Diego’s war heroes to Washington D.C. to visit the memorials dedicated to their service.
Day two of Comic-Con has come and gone, but tens of thousands of people are still hitting the streets of downtown San Diego – pumping thousands of dollars into the local economy.
A 2-year-old girl is in the hospital Friday with serious injuries after she fell from a fourth-floor window at an apartment complex in San Diego's University City neighborhood, police said.