The world economy will be able to push past relative weakness in China and other emerging markets and slowly expand for the rest of the year, The New York Times reports.

The United States, Britain and Japan are growing “at encouraging rates,” while the euro zone emerged from six straight quarters of contraction in the April-June period, the organization said in a new forecast. Recent indicators from the major advanced economies, including increased business confidence and stronger industrial production, suggest the trend will “continue at the improved rate seen in the second quarter.”

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