Climate change was seen as the number one danger by respondents in the WEF's annual risks report.
The goods trade deficit widened last month by 17.5% to $97.8 billion from $83.2 billion in October, the Commerce Department said.
India looks set to overtake France next year and then Britain in 2023 to regain its place as the world's sixth biggest economy.
The upper chamber on Tuesday voted 50-49 along party lines to raise the debt limit to roughly $31 trillion.
The firm now sees 2022 gross domestic product (GDP) growth of 3.8%, down from 4.2% previously on a full year basis,
The debt ceiling is the entire quantity of cash that the US authorities is authorised to borrow to meet its current authorized obligations.
The "Build Back Better" package includes provisions on child care and preschool, eldercare, healthcare, prescription drug pricing and immigration.
The Purchasing Managers' Index (PMI) stood at 60.8 percent, down 0.3 percentage point from the September reading.
The Treasury reached its new borrowing limit of $28.9 trillion on October 22, and is again financing the government through "extraordinary measures".
Treasury Secretary Janet Yellen says that on a 12-month basis, inflation will remain high into next year because of recent events.
The ASEAN-5 countries — Indonesia, Malaysia, the Philippines, Singapore, Thailand — are still facing "severe challenges" from a resurgent virus and weakness in contact-intensive sectors.
Global worries about a possible spillover of credit risk from China's property sector have intensified as China Evergrande Group wrestles with more than $300 billion of debt.
Without the increase in the debt ceiling, the U.S. Treasury had estimated it would run out of money to pay the nation's bills on Oct. 18.
This was a slowdown from the 15.2 percent year-on-year growth in the previous quarter.
The actions to bring the US into compliance with the global minimum tax would likely be included in the reconciliation budget bill.