From Klaleejtimes.com:
WASHINGTON — The US economy appears to be emerging from a period of sluggish growth but is “uncomfortably close” to the “stall speed” associated with past recessions, the International Monetary Fund said yesterday.
In its annual report on the United States, the IMF cut its outlook for US gross domestic product growth but said it shares the assessment of US authorities “that the most likely scenario is a soft landing.”
The IMF said its “baseline” forecast for the US economy is for GDP growth of 2 per cent over the course of 2007 — down slightly from its 2.2 per cent forecast in April.
The forecast implies a pickup in activity after the 0.6 per cent growth pace of the first quarter.
The report said US activity “should pick up as the drag from housing dissipates, business investment recovers, and higher foreign growth supports net exports.”
1 comment:
Yes, all the world knows the economy is not going well but too many people are worried about Paris.
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