Monday, June 15, 2009

BBC NEWS | Business | IMF predicts US economic recovery

The International Monetary Fund (IMF) has said the US economy will recover more strongly and more quickly, than it previously thought.

It now believes that the world's largest economy will grow by 0.75% next year, rather than the 0% it forecast earlier this year.

The IMF also thinks that the US economy will shrink less sharply this year.

However, the fund stresses that "an unusual level of uncertainty" and "significant downside risks" remain.

'Solid recovery'

The fund's latest report on the US economy predicts a fall in GDP of 2.5% this year, compared with its previous forecast of a 2.8% contraction.

BBC NEWS | Business | IMF predicts US economic recovery
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