U.S. economic growth is expected to decelerate sharply this year, lagging the pace of global expansion, as one of the most aggressive monetary tightening cycles in the country's recent history weighs on activity, the World Bank said. Real gross domestic product growth in the world's largest economy is forecast at 0.5% in 2023, 1.9 percentage points below the World Bank's previous outlook, while global economic growth is projected to slow to 1.7% from 3%. The market is not selling this news. Hm.