Read full post at forexlive.com
This is what the report says about the US:
Growth is expected to slow to 1.9 percent
in 2025 as the labor market cools and
consumption moderates, with fiscal policy
starting to tighten gradually. By the end of 2025,
growth is projected to taper to potential, closing
the positive output gap….In the United States, after a sustained period of strong outperformance, a sharper-than-expected slowdown in growth reflected moderating consumption and a negative contribution from net trade”
The IMF is upbeat on Canadian growth next year and the UK economy should see a nice acceleration from a low level. Of course, I don’t think the market puts much stock into these forecasts.
This article was written by Adam Button at www.forexlive.com.
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