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

IMF gives U.S. economy thumbs down

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 The Fund said in April it still assumed the deep government spending cuts would be repealed, but it had now dropped that assumption.

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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.
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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.
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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.
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