Topics

Credit Ratings
IMF, downgrading U.S. growth outlook, cautions investors about interest rates
IMF, downgrading U.S. growth outlook, cautions investors about interest rates

The International Monetary Fund sharply lowered its U.S. growth projection for the year and issued a cautionary note to investors: Don't be too confident about interest rates. Like others in the economic forecasting business, the IMF downgraded its U.S. outlook Monday after first-quarter activity was hammered by harsh winter weather in much of the nation. Including that poor start, the fund now estimates the American economy to grow a modest 2% overall this year, down from its April projection of 2.8%. The IMF's managing director, Christine Lagarde, stressed that the weakness was temporary and that the U.S. economy was now gaining momentum. The Federal Reserve, for instance,...

Loading