IMF downgrades outlook for US and Europe economies
By The Associated Press
This article was published September 20, 2011 at 11:21 a.m.
WASHINGTON — The International Monetary Fund on Tuesday sharply downgraded its economic outlook for the United States and Europe through the end of next year.
The IMF expects the U.S. economy to grow just 1.5 percent this year and 1.8 percent in 2012. That’s down from its June forecast of 2.5 percent in 2011 and 2.7 percent next year.
The IMF also predicted the 17 countries that use the euro will see 1.6 percent growth this year and 1.1 percent next year, down from its June projections of 2 percent and 1.7 percent, respectively.
Read tomorrow's Arkansas Democrat-Gazette for full details.
Thank you for coming to the Web site of the Arkansas Democrat-Gazette. We're working to keep you informed with the latest breaking news.
Comments on: IMF downgrades outlook for US and Europe economies
To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.
You must login to make comments.