"The US economy has proven resilient," IMF managing director Kristalina Georgieva said in a press conference, shortly after the updated figures were released.
Real GDP growth in the United States is expected to rise by 1.7 percent this year, up from 1.6 percent forecast earlier this year, before slowing to 1.0 percent in 2024, the IMF said in a statement. "They have been certainly a boost to American families, but they have also contributed to more persistent inflation than had been anticipated," she said.As a result, Georgieva said, the Fed's job of raising interest rates "is not quite yet done."
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: rapplerdotcom - 🏆 4. / 86 Read more »