IMF again cuts US growth forecast for 2022 to 2.3% as consumer spending cools According to Reuters
© Reuters. FILE PHOTO: People shop in a supermarket as inflation affects consumer prices in Manhattan, New York City, U.S., June 10, 2022. REUTERS/Andrew Kelly/File Photo
WASHINGTON (Reuters) – The International Monetary Fund on Tuesday again cut its U.S. growth forecast to 2.3% for 2022 from 2.9% at the end of June, with officials citing the Recent downward revisions to US first-quarter GDP output and consumer spending growth.
The Fund included the new projections in its full annual review of the US economy, which highlights the challenges of high inflation and the high interest rate hikes needed by the Federal Reserve to control. price.