The International Monetary Fund (IMF) has said it expects growth in the US economy to be even slower than it predicted a month ago, due to unexpected weakness in the first quarter.
The IMF prediction for US growth in 2014 is now 1.7 per cent, down from its June prediction of 2 per cent.
US activity should pick up to 3 per cent over the next 18 months, the IMF said.
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