Home From the Wires IMF gives U.S. economy thumbs down

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 The Fund said in April it still assumed the deep government spending cuts would be repealed, but it had now dropped that assumption.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

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

Green Endeavor cleans up

News
Wednesday, August 06, 2014
080614 ULnew greenendeavorBY LINDA BAKER | OB EDITOR

Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


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