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

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AFP

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 International Monetary Fund’s annual review of the US economy also boosted the 2022 GDP forecast by 1.4 percentage points over the April estimate to 4.9 percent. But while the IMF mostly cheered President Joe Biden’s policies to support the economy, the report flagged “significant concern” over the fact he has not pulled back on tariffs on goods like steel and a…

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