News Artcle

IMF lowers estimate of U.S. growth in 2014

Published June 16, 2014

Washington • The International Monetary Fund foresees the U.S. economy growing a modest 2 percent this year, below its previous estimate of 2.7 percent. That would be nearly identical to the economy’s 1.9 percent growth in 2013. A brutal winter and a slowing housing recovery caused the economy to shrink during the first three months of 2014, the IMF noted in a report released Monday. “Extreme weather occurrences have a serious effect on the economy,” Christine Lagarde, the IMF’s managing directo...

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