IMF: Risk of hard landing for US economy persists ...Middle East

A top official for the International Monetary Fund (IMF) warned that the risk of a “hard landing” for the U.S. economy remains despite data showing inflation gradually subsiding. Gita Gopinath, the first deputy managing director for the IMF, told CNBC in an interview on Wednesday that the IMF has raised its predictions for economic growth this year because of a surprisingly strong U.S. labor market and consumer spending. Data from the Labor Department released Wednesday showed the rate of price increases slowing to 5 percent annually, down from 6 percent in February. Prices also rose by 0.1 percent on a monthly basis after an increase of 0.4 percent in February. Gopinath said

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Last updated : 12 April 2023 clock 10:20 PM

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IMF: Risk of hard landing for US economy persists ...Middle East

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