The US economy got a downgrade, and it’s a direct indictment of Trump’s ineffectiveness
|07/29/2017||Posted by BusinessMediaguide.Com under General World News||
The International Monetary Fund has sharply revised its forecast for US economic growth in a direct indictment of President Donald Trump’s lack of action on promised policy changes.
The IMF downgraded its forecast for US gross-domestic-product growth to just 2.1% this year, down from 2.3%, and it also cut its 2018 estimate to 2.1% from 2.5%.
That revision is especially striking since it matched cuts not seen anywhere in the world other than two major emerging economies facing deep political crises — Brazil and South Africa.