IMF gives U.S. economy thumbs down

| Print |  Email
Friday, June 14, 2013

Reuters: Urging repeal of sweeping federal spending cuts, the International Monetary Fund projected weak economic growth in the U.S.

In its annual check of the health of the U.S. economy, the IMF forecast economic growth would be a sluggish 1.9 percent this year. The IMF estimates growth would be as much as 1.75 percentage points higher if not for a rush to cut the government's budget deficit.

The IMF cut its outlook for economic growth in 2014 to 2.7 percent, below its 3 percent forecast published in April. The Fund said in April it still assumed the deep government spending cuts would be repealed, but it had now dropped that assumption.

Read more.

 

Comments   

 
Guest
+1 #1 PresidentGuest 2013-06-14 20:09:53
Having to subscribe to the Financial Times or anything else to finish an article headlined in your publication is approaching outrageous.
Quote | Report to administrator
 
 
Guest
+1 #2 Research editorGuest 2013-06-14 21:24:09
Sorry about the Financial Times requiring a subscription. When we linked to the article earlier today, that was not required. I have now changed the link to a Reuters article which you may read for free.
Quote | Report to administrator
 
 
Guest
0 #3 IMF gives U.S. economy thumbs downGuest 2013-06-14 21:36:47
First, I agree with the first post – being required to subscribe to a paid publication to finish an article is outrageous. Second, this should be a wakeup call to Washington DC to get their act together. Keep going down the path we are currently on and the IMF will stop using the dollar as the reserve currency. Think we have had financial troubles the past couple of years, watch what happens if the dollar is no longer the reserve currency.
Quote | Report to administrator
 

More Articles

The Carbon Calculus

February 2015
Friday, January 23, 2015
BY KIM MOORE | OB RESEARCH EDITOR

Carbon pricing is gaining momentum in Oregon, sparking concern for energy-intensive businesses — but also opportunity to expand a homespun green economy.


Read more...

Meeting Facilities Perspective

March 2015
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR

A conversation with Donna Earley, director of sales and marketing for the Salem Convention Center.


Read more...

How a Utah-based essential oils company cornered the Oregon market

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Multilevel marketing, health claims and zyto scanner biofeedback machines: How dōTERRA thrives in Oregon. 


Read more...

Live, Work, Play: Amen Teter

February 2015
Tuesday, January 27, 2015
BY JACOB PALMER

Catching up with Amen Teter, Portland-based global director of action sports for Octagon Olympics & Action sports talent agency.


Read more...

Umbrella Revolution

March 2015
Monday, February 23, 2015

Yeah, we know: Oregonians are way too cool for umbrellas. But today’s stylish, high-tech models will soften the resistance of the most rain hardened.


Read more...

Tweeting Portland's State of the City address

News
Friday, January 30, 2015
Screen Shot 2015-01-30 at 3.08.19 PMBY JACOB PALMER | OB DIGITAL NEWS EDITOR

For those who were working, here are a few highlights of Charlie Hales' State of the City address.


Read more...

Editor's Letter: Tortoise and the Hare

February 2015
Monday, January 26, 2015

The day after this issue goes to press, the city of Medford will host its annual business conference. The event features Minoli Ratnatunga, co-author of the Milken Institute’s annual “Best-Performing Cities” report. Preliminary data suggests that Medford is likely to retain its No. 1 ranking among best-performing small cities for having a higher concentration of high-tech firms than the national average. 


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS