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IMF trims US growth forecast for 2016-2017

Tuesday, April 12, 2016 - 21:47

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Emerging Europe is reaping the gains from cheap oil and eurozone recovery, the IMF said Tuesday, forecasting stable economic growth for the region.

[WASHINGTON] The International Monetary Fund lowered its forecast for the US economy Tuesday, noting the drag from the strong dollar and sluggish economies elsewhere on otherwise firm growth.

The IMF said the US should grow by about 2.4 per cent this year, compared to its January prediction of 2.6 per cent.

AFP

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