IMF sees `solid’ US recovery

09/05/2018 Posted by admin

WASHINGTON – The International Monetary Fund says the US will make a “solid” recovery from recession in mid-2010, but has warned of major risks including the real estate crisis and rising interest rates. In its annual report on the world’s biggest economy, the IMF yesterday projected that US gross domestic product would shrink at an annualised rate of 2.5 per cent in 2009 but post modest 0.75 per cent growth in 2010. Official US figures are more optimistic. The US Federal Reserve has estimated that the economy will contract between 1.3 per cent and 2 per cent in 2009 and grow at a moderate pace between 2 and 3 per cent in 2010.
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