The IMF said in a statement after reviewing ‘article four’ of US policies that the US economy has proven resilient in the face of tighter monetary and fiscal policy, but that means inflation has been more stable. provided that.
The fund’s revision included a full-year growth forecast for the United States at 1.7% for 2023, slightly above its forecast of 1.6% in April.
“While core and core consumer spending inflation is expected to remain low through 2023, it will remain above the Fed’s 2% target for 2023 and 2024,” the fund said.
International Monetary Fund Managing Director Kristalina Georgieva told a press conference that the US government needed to reduce the deficit, especially while increasing tax revenue.
Georgieva added that she hopes a solution will be found “within 12 hours” to the US debt ceiling crisis in Washington, to avoid a catastrophic default that would add more shocks to the global economy.
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