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IMF slashes U.S. growth forecast for 2022 to 2.9%
Updated: 2022-06-25 13:59:48 KST
The IMF slashed its U.S. growth forecast for 2022 to 2.9 percent.
A decrease of Point-8 percent since its most recent projection in April.
For 2023, the global organization cut the forecast to 1.7 percent and for 2024: Point-8 percent.
This comes as the FED plans to implement rate-tightening plan to curb inflation.
According to IMF Managing Director Kristalina Georgieva, America would "narrowly" avoid a recession, adding there's a need to "recognize the uncertainty of the current situation."
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