Mexican Media Brands
IMF Trims U.S. Growth Forecast
The International Monetary Fund, which predicted in April that the American economy would expand 2.8% this year, now expects growth of only 2%.
The IMF notes that an unusually harsh winter weakened first-quarter results.
#economics
Share
The International Monetary Fund, which predicted in April that the American economy would expand 2.8% this year, now expects growth of only 2%.
The IMF notes that an unusually harsh winter weakened first-quarter results. The lender forecasts 3% growth in 2015.
The U.S. Dept. of Labor reported that last month the number of non-farm jobs in America finally returned to the pre-recession peak it reached in January 2008. But the IMF cautions that the labor market is weaker than the statistic suggests because wage rates are flat and long-term unemployment remains high.
The IMF does not expect the U.S. economy to return to full employment until the end of 2017. It also predicts the Federal Reserve will continue to keep interest rates low beyond the middle of next year.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.