Tuesday, July 10, 2012

The IMF has lowered the forecast for economic growth in the U.S. in 2012 and 2013

The International Monetary Fund (IMF) has lowered the forecast for economic growth in the U.S. in 2013. to 2.25% from 2.4% projected earlier. The IMF estimates that in 2012 U.S. GDP growth of 2%, not 2.1% as previously thought. This was reported in the media organization for the annual review of the U.S. economy. In this regard, the IMF urged the U.S. authorities as soon as possible to agree on all aspects of fiscal policy, which since the beginning of next year, dramatically tougher in the absence of appropriate action by the U.S. Congress. The U.S. economy is poised for "fiscal gap" - said the IMF. This term was first used by the head of the U.S. Federal Reserve Chairman Ben Bernanke, describing the situation at the expiration of tax benefits automatically increase government spending. That it should come early next year, believe in the fund. "We need to resolve the resulting uncertainty and immediately increase the national debt ceiling by following the path of reducing the budget deficit does not prevent the growth of the U.S. economy."

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1 comment:

  1. This would be a great struggle for the US government. Let's watch how they would act to improve the economy. I usually look for an updates from Ed Butowsky videos.