IMF slightly downgrades US economic forecast for 2024

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US Economy News

IMF,Kristalina Georgieva

WASHINGTON, June 28 ― The IMF said yesterday it expects the US economy to grow a bit more slowly than previously forecast, while praising the way it has remained “robust,...

Organisers of YB Viral’s anti-Anwar protest say will go ahead despite rejection by Putrajaya local govt, tell cops to facilitate insteadWASHINGTON, June 28 ― The IMF said yesterday it expects the US economy to grow a bit more slowly than previously forecast, while praising the way it has remained “robust, dynamic, and adaptable to changing global conditions.”

“The US economy has proven itself to be robust, dynamic, and adaptable to changing global conditions,” the IMF said in a statement accompanying its updated economic forecasts, adding that activity and employment “continue to exceed expectations.” While inflation has fallen sharply, it remains stuck slightly above the Fed's long-term target of two percent, and policymakers have indicated they are happy to hold rates high until they see further signs of disinflation.She said the trajectory for inflation in the United States since its peak in 2022 had given the IMF the “confidence” that it was on the right track.

 

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