WASHINGTON: The International Monetary Fund (IMF) slightly raised its forecast for 2023 United States economic growth on Friday (May 26) while noting that a slowing economy will likely lead to a small increase in unemployment in 2024. 'The US economy has proven resilient,' IMF managing director Kristalina
WASHINGTON: The International Monetary Fund slightly raised its forecast for 2023 United States economic growth on Friday while noting that a slowing economy will likely lead to a small increase in unemployment in 2024.
"We think of the US Treasury market as an anchor for the global financial system, and this anchor needs to hold," she said. Addressing inflation, Georgieva said that resilient demand and a strong labour market had been"something of a double-edged sword" for the US economy. The IMF's forecast indicates that the Fed's benchmark lending rate needs to rise by at least another 25 basis points to finish the year at 5.4 per cent, and then stay there well into next year.
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