Reuters brings us the latest from the International Monetary Fund in US Remains Engine of Global Growth…
In its latest World Economic Outlook, the IMF raised its 2024 and 2025 economic growth forecasts for the U.S. – the only developed economy to see its outlook marked up for both years – and its chief economist said the “soft landing” sought by the Federal Reserve in which inflation eases without big damage to the job market had largely been achieved.
The IMF revised its 2024 U.S. growth forecast upward by two-tenths of a percentage point to 2.8% due largely to stronger-than-expected consumption fueled by rising wages and asset prices. The global lender also upgraded its 2025 U.S. growth outlook by three-tenths of a percentage point to 2.2%, slightly delaying a return to trend growth.
(Graphic by OpenClipart Vectors, Pixabay)
