IMF slightly downgrades US economic forecast for 2024
==========
The International Monetary Fund (IMF) has slightly downgraded its economic forecast for the United States in 2024. The US economy is now expected to grow 2.6% this year, down 0.1 percentage point from the IMF's previous forecast in April. Despite the downgrade, the IMF praised the US economy for its strength, dynamism, and adaptability to changing global conditions. The IMF also highlighted stronger-than-expected employment growth and a less costly disinflation process. However, the IMF warned about the impact of the ongoing expansion of trade restrictions and the large fiscal deficit, which creates a sustained upward trajectory for the public debt-GDP ratio. The IMF expects the Federal Reserve to hit its inflation target by mid-2025, slightly ahead of the median forecast from the US central bank's rate-setting committee. The IMF's inflation forecast is more optimistic than the Fed's. The IMF and US Treasury secretary Janet Yellen discussed the remarkable performance of the US economy over the past few years, including economic growth and employment that continue to exceed expectations.
https://www.newagebd.net/post/mis/238729/imf-slightly-downgrades-us-economic-forecast-for-2024
newagebd.net /
npub162…lm2lu
2024-06-28 15:22:41
Author Public Key
npub162hyv3apxfc7dp0xk4yl6ctc7nzwcl2kg5vjvqze22narn4jgy9qjlm2luPublished at
2024-06-28 15:22:41Event JSON
{
"id": "507465633821f4b2fad021cee60503efb6eecf28e49b059eb8035feca8852ca9",
"pubkey": "d2ae4647a13271e685e6b549fd6178f4c4ec7d56451926005952a7d1ceb2410a",
"created_at": 1719588161,
"kind": 1,
"tags": [],
"content": "IMF slightly downgrades US economic forecast for 2024\n==========\n\nThe International Monetary Fund (IMF) has slightly downgraded its economic forecast for the United States in 2024. The US economy is now expected to grow 2.6% this year, down 0.1 percentage point from the IMF's previous forecast in April. Despite the downgrade, the IMF praised the US economy for its strength, dynamism, and adaptability to changing global conditions. The IMF also highlighted stronger-than-expected employment growth and a less costly disinflation process. However, the IMF warned about the impact of the ongoing expansion of trade restrictions and the large fiscal deficit, which creates a sustained upward trajectory for the public debt-GDP ratio. The IMF expects the Federal Reserve to hit its inflation target by mid-2025, slightly ahead of the median forecast from the US central bank's rate-setting committee. The IMF's inflation forecast is more optimistic than the Fed's. The IMF and US Treasury secretary Janet Yellen discussed the remarkable performance of the US economy over the past few years, including economic growth and employment that continue to exceed expectations.\n\n\n\nhttps://www.newagebd.net/post/mis/238729/imf-slightly-downgrades-us-economic-forecast-for-2024",
"sig": "322a517b22ca685245d4e08d2e6d3e2d943c80abed516bcf718bbd860e51da886ef83e6c202a3a12a90015508c8b9d53eafe4e746c2a3b01c62fcb7c52874c1e"
}