US growth forecast cut ...News

GDP is projected to grow by 2.3% this year, according to the IMF The International Monetary Fund (IMF) on Tuesday cut its growth projections for the US economy this year and next, citing recession risks. The nation’s GDP is now expected to expand by 2.3% this year, down from last month’s prediction of 2.9%. According to the report, the economy grew by 5.7% in 2021. Unemployment in the country is expected to be at 3.7% in 2022, versus the previously projected 3.2%. The jobless rate in 2023 is now seen at 4.6% but is expected to exceed 5% in both 2024 and 2025. Inflation was forecast to reach 6.6% this year but drop

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Last updated : 14 July 2022 clock 08:48 AM

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US growth forecast cut ...News

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