Imf Trims Global Growth Forecast, Sees Bumpy Recovery

WASHINGTON (Reuters) - The International Monetary Fund on Tuesday shaved projections for global economic growth for this year and next to take into account sharp government spending cuts in the United States and the latest struggles of recession-stricken Europe.

RELATED ARTICLES
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
BING NEWS:
  • IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth
    The International Monetary Fund has upgraded its forecast for China's economy, while warning that reforms are needed to sustain growth.
    05/29/2024 - 2:35 am | View Link
  • IMF Raises China Economic Growth Forecasts
    The IMF said it now projects 2024 gross domestic product growth at 5%, up from its prior forecast of 4.6% made in April. That puts the organization’s estimate in line with the official China GDP ...
    05/28/2024 - 6:48 pm | View Link
  • IMF upgrades China's GDP growth forecasts but warns of risks ahead
    upgrading its earlier forecast of 4.6% expansion though it expects slower growth in the years ahead. The global lender's new projections come as Beijing steps up efforts to shore up an uneven ...
    05/28/2024 - 1:00 pm | View Link
  • IMF upgrades UK growth forecast but issues fresh warning on national insurance cuts and debt
    The fund raised its forecast for gross domestic product growth this year from 0.5% to 0.7%, saying: "The UK economy is approaching a soft landing, with a recovery in growth expected in 2024 ...
    05/21/2024 - 12:31 am | View Link
  • Global Trade Liberalization and the Developing Countries
    A new round of negotiations would raise global growth prospects and strengthen the international trading system. The IMF considers a successful trade round to be an important step toward meeting the ...
    05/21/2024 - 12:24 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News