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IMF sees much stronger US growth, 2021 GDP +7.0%

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Washington (AFP) – The IMF is bullish on the US economic recovery, predicting growth will hit 7 percent this year — much stronger than previously forecast and “the fastest pace in a generation,” the Fund said in a report Thursday. The cheery analysis is a boon to President Joe Biden’s administration and comes amid data showing an improving job market and on the eve of the all-important official employment report. The International Monetary Fund’s annual review of the US economy put growth at its fastest rate since 1984, and also boosted the 2022 GDP forecast to 4.9 percent, 1.4 percentage poi…

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