The International Monetary Fund (IMF) has slashed its United States economic growth forecast for the next year, also raising its unemployment-rate estimates through 2025.
The IMF warned of "systemic risks" posed by rising inflation rates both globally and in the United States, noting, however, it still expects the country to avoid recession. The Fund said it sees the US Gross Domestic Product growing by 2.3% in 2022, a downward revision from the previous projection of 2.9%.
The organization also said it expects the monetary policy adjustments of the United States Federal Reserve to help slow nationwide inflation to 1.9% by the final quarter of 2023.
