IMF Slashes Growth Forecasts
The International Monetary Fund, or IMF, recently slashed its growth forecasts for the U.S. for this year and next. The IMF lowered its expectations for growth from 2.3% to 2.1% for this year, and from 2.5% to 2.1% for 2018. Needless to say, this is far below the 4% growth target that has been discussed in recent months and it remains stubbornly below the 3% mark. The IMF listed numerous factors regarding its decision to lower forecasts, with a very poor showing in the first... Continue Reading
Category | Economic and Geopolitical News