International Monetary Fund raises U.S. growth forecast for 2023, leaves global outlook unchanged
- The International Monetary Fund has revised the U.S. Growth projection higher, raising it by 0.3 percentage points to 2.1% for this year. The IMF also predicts slower expansion for the euro zone.
- Despite the "remarkable strength" of the U.S. Economy, global growth remains low and uneven, according to the IMF. It has cut its growth forecasts for China and the euro area, while leaving its forecast for global real GDP growth in 2023 unchanged at 3.0%.
- The IMF warns of uncertainties and risks for 2024, including the Israel-Palestinian conflict, a real estate crisis in China, volatile commodity prices, geopolitical fragmentation, and a resurgence in inflation.
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