The U.S. economy may have reached 'cruising altitude'
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The lurking Chinese and American challenges that could pose a risk to the global economy
As things stand, the U.S. and global economies are in fairly good shape after bouncing back from the pandemic-fueled downturn, The New York Times reports. Growth may not be quite as explosive as previously thought — thee Organization for Economic Cooperation and Development lowered its projection for global economic growth in 2022 from 5.7 percent to 4.5 percent and 6 percent to 3.9 percent for the U.S. — but economists aren't panicking. "We've had liftoff and now we're at cruising altitude," Beth Ann Bovino, the chief U.S. economist at S&P Global, told the…