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U.S. economy on slow-growth road, IMF says - MarketWatch
Growth in the largest global economy is expected to average 2.5% in 2011 and 2.75% in 2012.
“We see a sustained, even if a bit slow, expansion going forward,” said John Lipsky, the IMF’s acting managing director, during a press briefing to discuss the report.
In addition, Congress should quickly raise the federal debt ceiling “to avoid a severe shock to the economy and world financial markets,” the report said.
Growth in the largest global economy is expected to average 2.5% in 2011 and 2.75% in 2012.
“We see a sustained, even if a bit slow, expansion going forward,” said John Lipsky, the IMF’s acting managing director, during a press briefing to discuss the report.
In addition, Congress should quickly raise the federal debt ceiling “to avoid a severe shock to the economy and world financial markets,” the report said.
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