The IMF has lowered its forecast for US GDP growth in 2022 to 2.3% (from 2.9%)


The IMF lowers its economic growth forecast for the United States in

  • 2022: forecast is 2.3% (previous forecast was 2.9%)
  • 2023: 1.0% (instead of 1.7%)

Citing revisions in US data. Additional screenings:

  • says expects Federal Reserve policy actions to slow U.S. consumer spending growth to zero by early 2023
  • expects the unemployment rate to reach 5% by the end of 2023

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