Strong U.S. Economy Threatens Global Growth as Higher Rates, Dollar Strength Weigh on Trading Partners

Surprising strength in the U.S. economy poses a threat to the rest of the world, portending higher interest rates for longer and a stronger dollar.

China's economic downturn is weighing on countries like Germany, turning Europe into a weak link in the global economy.

Persistently high inflation continues to surprise central banks, leading to forecasts of higher rates for longer.

The rise of the U.S. dollar makes imports more expensive for other countries, further fueling inflation abroad.

Developing countries face debt distress from higher interest rates and a stronger dollar, hurting their ability to spend on priorities like food security.