A new report reveals that the global economy is expected to grow by approximately 3.5% in the next year. This growth is primarily due to an increase in consumer spending and an expansion of global trade. The report also suggests that emerging markets will see an economic upturn of around 4.5%, outpacing the growth of advanced economies. However, it warns that escalating trade tensions between major economies could present a threat to this optimistic forecast. In particular, the report highlights that the ongoing trade dispute between the US and China has the potential to slow down global economic growth by up to 0.5%. It is advised that policymakers work towards resolving trade conflicts to sustain the projected economic growth.