Comments
The International Monetary Fund (IMF) will raise its growth forecast for the US economy in 2014, IMF chief Christine Lagarde said on Sunday.
Speaking on NBC television , Lagarde cited the recent budget deal reached by Congress that reduced sequestration – the automatic cuts to the federal budget that amounted to $1 trillion, the decrease in US unemployment and actions by the US Central Bank as reasons for the IMF’s rosier outlook for the US economy.
The US Federal Reserve announced that in January it will begin tapering its efforts to spur growth through purchasing debt, which is seen as a sign of confidence in the economy.
The IMF in October forecast US growth of 2.6 per cent in 2014. The current year saw growth of 1.6 per cent.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.