IMF raises 2019 US growth to 2.6% from 2.3%

IMF out with annual US economic review

  • raises US economic growth forecast in 2019 to 2.6% from 2.3%
  • deepening of ongoing trade disputes or abrupt reversal of recent everyone’s financial conditions pose material risks to US economy
  • says it is especially important trade tensions between US and China are quickly resolved
  • medium-term risks to financial stability are rising
  • abrupt reversal of financial accommodation could 8 US economy
  • Fed should defer further interest rate hikes until there are greater signs of wager price inflation
  • Fed should consider publishing quarterly report was central economic scenario endorsed by Federal open market committee
  • Inflation remains very subdued
  • Sees 2% growth in 2020

The IMF will have a press briefing on the results of their report shortly. You can watch itย HERE.