Draft IMF report shows cut in US growth forecast

A draft of the IMF’s World Economic Outlook report includes a reduced forecast for US economic growth.

12th April, 2013
IMF

A draft of the IMF’s World Economic Outlook report includes a reduced forecast for US economic growth.

It says US gross domestic product will expand by 1.7 percent this year compared with a previously forecast 2 percent advance, according Bloomberg News, which obtained the draft.

Bloomberg said the draft, which was presented to the IMF board last week, may be subject to revisions before its scheduled April 16th release.

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