U.S. Growth Forecast Cut Again

imf-bldgAccording to a press release, Christine Lagarde, Managing Director of International Monetary Fund (IMF), said the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade “economic malpractice” that would choke off growth.

Lagarde, in prepared remarks at Northwestern University, ahead of next week’s IMF and World Bank annual meetings, said the U.S. growth forecast would be reduced again because of economic setbacks in the first half.

The IMF in July had cut its 2016 U.S. growth forecast to 2.2 per cent from 2.4 per cent based on weak first quarter growth.

Nigel Belle, Readers Bureau, Fellow

Edited by Jesus Chan

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