IMF Cuts U.S. 2016 Economic Outlook Forecast to 2.2 Pct
The International Monetary Fund (IMF) on Wednesday cut its forecast for the U.S. economic growth in 2016, saying that longer-term challenges might threaten its strong and sustainable growth.
The U.S. economy is expected to grow 2.2 percent in 2016, down from the IMF's forecast of 2.4 percent in April, IMF said in a statement after concluding its annual economic health check on the U.S. economy.
The Washington-based lender kept its projection for the U.S. economic growth in 2017 at 2.5 percent unchanged.
The U.S. dollar, slow business investment and global growth risks would likely pose short-term risks to the U.S. economy, according to the statement.
The IMF highlighted "four forces" that pose challenges to the future growth for the U.S. economy -- declining labor force participation, weak productivity growth, increased polarization in distribution of income and wealth, and rising population in poverty.
These forces would not only pose important economic but also political impact on the United States, Christine Lagarde, managing director of the IMF, said at a press conference on Wednesday.
When asked for comments on the current anti-trade sentiment in the U.S., Lagarde said that there was rising trade protectionism, which will not be conducive to productivity growth.
The IMF called on Washington to resist all forms of protectionism, increase infrastructure investment, reform corporate income tax and strengthen polices to help lower income households, in order to secure sustainable growth.
In regard to the likely impact from Britain's vote to exit the European Union (EU), Lagarde said that a British exit from the EU would have some impact on the U.S. economy through trade and financial channels, but it's unlikely to entail a recession in the United States.
http://english.cri.cn/12394/2016/06/23/3746s931706.htm
The International Monetary Fund (IMF) on Wednesday cut its forecast for the U.S. economic growth in 2016, saying that longer-term challenges might threaten its strong and sustainable growth.
The U.S. economy is expected to grow 2.2 percent in 2016, down from the IMF's forecast of 2.4 percent in April, IMF said in a statement after concluding its annual economic health check on the U.S. economy.
The Washington-based lender kept its projection for the U.S. economic growth in 2017 at 2.5 percent unchanged.
The U.S. dollar, slow business investment and global growth risks would likely pose short-term risks to the U.S. economy, according to the statement.
The IMF highlighted "four forces" that pose challenges to the future growth for the U.S. economy -- declining labor force participation, weak productivity growth, increased polarization in distribution of income and wealth, and rising population in poverty.
These forces would not only pose important economic but also political impact on the United States, Christine Lagarde, managing director of the IMF, said at a press conference on Wednesday.
When asked for comments on the current anti-trade sentiment in the U.S., Lagarde said that there was rising trade protectionism, which will not be conducive to productivity growth.
The IMF called on Washington to resist all forms of protectionism, increase infrastructure investment, reform corporate income tax and strengthen polices to help lower income households, in order to secure sustainable growth.
In regard to the likely impact from Britain's vote to exit the European Union (EU), Lagarde said that a British exit from the EU would have some impact on the U.S. economy through trade and financial channels, but it's unlikely to entail a recession in the United States.
http://english.cri.cn/12394/2016/06/23/3746s931706.htm
» utube 7/25/24 MM&C Iraq Dinar Update - IQD Revaluation-Key Indicators - Deposit Insurance -Arbitra
» utube 7/23/24 MM&C Iraq Dinar-Prime Minister Advisors-Saleh-Al-Nusairi-Facts bringng facts-Reforms
» Al-Jawahiri: Iraq continues to increase its oil production.. Is this OPEC’s role?
» Al-Sudani pressures factions to calm escalation against Americans, seeks Tehran's support
» A 40 km deep void threatens Iraq.. Baghdad and Erbil agreed but "without training, a base and an air
» Iranian sources to Baghdad Today: Tehran has not reached an agreement with Baghdad regarding the ent
» China accuses NATO of stirring up strife in 4 countries, including Iraq
» Within a week.. more than one billion dollars in sales from the Central Bank of Iraq
» "Billions of Dinars" Disbursed to Political Parties from 2024 Budget as "Financial Grants" (Document
» "An ill-considered decision".. The heart of Baghdad is exposed to financial losses
» With documents.. Billions of dinars in grants were disbursed to parties from the current year’s budg
» "He returned from Iraq doubtful." Will Vance change his country's policy in its wars outside its bor
» Quadripartite meeting in Baghdad stresses the need to support the development road project
» The Minister of Oil inaugurates the first phase of the central processing station in the Al-Faiha oi
» Bitcoin regains $67,000 level... and Ethereum jumps 4%
» Oil Products launches a fuel card to provide citizens with kerosene in Nineveh
» "Criticism" haunts the work of the Iraqi negotiating committees in Washington regarding the presence
» Ministerial Swaps: The High Price of Being Speaker
» Hussein Arab: Parliamentary bodies added 2.5 trillion dinars to the governorates in the budget, whic
» Four countries meet in Baghdad to support the development road project
» Call for investigation after the overthrow of a smuggling network in the North Oil Company
» Oil MP rules out oil and gas law
» Rule of Law: General amnesty includes those who committed ordinary crimes, not terrorists
» MP identifies the paragraph that delays the settlement of the salary scale
» The Kurdistan National Party welcomes Al-Sudani's initiative to end the Kirkuk problem
» 42 projects allocated to the second largest district in Basra
» Wasted budgets.. Estimates reach 450 billion dollars and the money of "Iraq's rich" is equal to 9 co
» Within months.. Al-Imar: The amount of loans disbursed amounted to about 750 billion dinars
» $100 million Iraq's citrus imports in 6 months
» Pilot plan in Erbil: Electricity for all citizens within 24 hours
» Contrary to expectations: The Iraqi passport is in its best condition in 8 years
» Parliamentary exclusion of the legislation of the oil and gas law during the current year
» The National Union announces to the region’s employees: The salary crisis has ended after linking it
» Immigration confirms the increase in the number of people wishing to return to their original areas
» Baghdad.. Launching a link to work as a researcher in the general population census
» Three suspects arrested for receiving 6 million dinars in exchange for completing a retirement trans
» Report highlights Trump's vice president's shifts in Iraq war
» Al-Sudani stresses the importance of putting the interests of Kirkuk people first in any agreement b
» Due to illusory political achievements.. Warnings of Sinjar people being displaced again - Urgent
» Warning and fears of the exploitation of political money in the Kurdistan Parliament elections
» During a week.. more than 15 billion dinars in "non-oil" imports for two governorates and two local
» Mazhar Muhammad Salih points to the weakness of the cash credit ratio in private banks
» Parliamentary efforts to amend the investment law to improve the Iraqi economy and attract foreign c
» Economist reveals reasons for rising prices of goods and products: lack of government support and ex
» Al-Halbousi imposes “difficult conditions” on the ruling coalition
» Requesting 25 million to close the case of a drug suspect.. Integrity arrests an impersonator in a “
» Government attempts to rescue Iraqi industry from imports.. Will local support succeed?
» Political parties control the sale of the dollar.. A new threat to the stability of the national eco
» Water scarcity and environmental degradation threaten cotton in Iraq.. Farmers demand urgent solutio
» In a Security Council session, Iraq calls for an immediate ceasefire in Gaza
» Stability of dollar prices in local markets
» New jobs in Baghdad
» Alsumaria News publishes the link to apply for "new jobs"
» Parliamentary Investment: Amending the Investment Law will eliminate exceptions
» Dollar exchange rates in Iraqi stock exchanges
» MMK&C 7/21/24 Government Advisor: Adopting auditing of foreign transfers contributes
» MM&C 7/21/24 Proposed measures to address the rise of the dollar
» Iraq ranks high in income inequality among citizens
» Within months.. Al-Imar: The amount of loans disbursed amounted to about 750 billion dinars
» Parliamentary Integrity confirms the start of opening the files of former officials
» Iraq and the German Development Bank sign an amendment to the loan agreement to finance a number of
» Regional oil...between export ban and smuggling suspicions
» Economist: Faw Port is an important step towards sustainable economic development and a major gatewa
» Parliamentary Investment "Mocks" Solution to Housing Crisis in Complexes: "Joke" and Government Must
» Multi-million dollar agreement to support Iraqi agriculture
» From Chaos to Law.. The Crowd Breathes with the First Reading of “Service and Retirement”
» Oil Minister inaugurates first phase of associated water injection project in Rumaila field
» Water Resources: The reality of desertification in Iraq is better than before
» Disappearance of 50,000 Pakistani tourists in Iraq.. Government position: We will start the investig
» Iraq reveals the value of its agricultural exports: 400 thousand tons in 6 months
» Electricity directs the rapid implementation of the solar power plant project in Khanaqin
» Worth $20 billion.. Iraq is second in trade exchanges with Iran
» (56) megawatt card.. Opening of the gas power plant in Majnoon field
» Parliamentary Committee: Amending this law will address many problems
» Iraq and the German Development Bank (KFW) sign an amendment to the loan agreement to finance a numb
» Finance discusses regulating the work of government banks with international auditing firm Ernst & Y
» The Prime Minister receives the approval of the coalition of companies that won the investment oppor
» US Ambassador: We helped Iraq with $3.6 billion in the displaced file
» In two stages.. The Minister of Oil inaugurates the associated water injection project in the Rumail
» Who manipulated the budget settings? Adding 15 trillion dinars for the benefit of the people or for
» Statement of the Iraqi Communist Workers’ Party on the “Personal Status Law Amendment” Project
» The American arm has become short.. Iraq will eradicate the “SDF” from Syria
» The idea of the “Sunni region” is maturing again.. The insistence of Western politicians collides
» Iraq takes its share of negative development and faces “electronic blackmail”
» Education in Iraq: Between the lack of schools and the delay in providing supplies
» Economist lays out solutions to get rid of the dollar’s dominance: moving towards a currency baske
» The Presidency of the Republic issues a special pardon for a bank manager accused of embezzlement
» The Ministry of Agriculture reveals the volume of its exported products in numbers
» Transport reveals its latest steps towards lifting the European ban on Iraqi Airways
» "Doors are closed" in Parliament.. Will political pressures result in the election of a new presiden
» Prime Minister's Advisor: Kirkuk government formation will be decided within 20 days
» US dollar exchange rate stability in Baghdad
» Reconstruction: New applications for Housing Fund loans will be opened when liquidity is available
» The US Federal Reserve adopts a new strategy towards Iraq.. The dollar is threatened with rising to
» First government comment on the leakage of 50 thousand Pakistanis in Iraq
» Parliamentary Integrity Committee announces keeping the session hosting the Minister of Water Resour
» Parliamentarian reveals the reason for the recent talk about the Sunni region
» Secrets of the Coordination Framework meeting with the Sunni forces.. Three proposals to resolve the