berg80
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US remains engine of global growth in latest IMF forecasts
WASHINGTON, Oct 22 (Reuters) - The U.S. economy will continue to provide most of the thrust for global growth through the balance of this year and in 2025, led by robust consumer spending that has held up through a wrenching bout of inflation and the high interest rates used to tame it, the International Monetary Fund said on Tuesday.
In its latest World Economic Outlook, the IMF raised its 2024 and 2025 economic growth forecasts for the U.S. - the only developed economy to see its outlook marked up for both years - and its chief economist said the "soft landing" sought by the Federal Reserve in which inflation eases without big damage to the job market had largely been achieved.
https://www.reuters.com/markets/us/...na-sees-lackluster-global-economy-2024-10-22/
I believe I heard the IMF raised the US's growth outlook for 2024 to 2.8%. Very good considering the lagging growth around the world.
It's a testament to MSM misinformation that so many people in the US remain unaware of the outsized growth the US has experienced under Biden.