Economics
IMF Cuts U.S. Outlook, Calls Trump's Growth Target Unlikely
- Fund removes Trump’s planned fiscal stimulus from forecasts
- U.S. held back by low productivity growth, aging population
AllianceBernstein's Zlotnikov on U.S. Growth Forecasts
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The International Monetary Fund cut its outlook for the U.S. economy, removing assumptions of President Donald Trump’s plans to cut taxes and boost infrastructure spending to spur growth.
The IMF reduced its forecast for U.S. growth this year to 2.1 percent, from 2.3 percent in the fund’s April update to its world economic outlook. The Washington-based fund also cut its projection for U.S. growth next year to 2.1 percent, from 2.5 percent in April.