In a recent statement following its comprehensive assessment of U.S. policies, the International Monetary Fund (IMF) emphasized the need for the United States to maintain higher interest rates for an extended period to curb inflation.
Additionally, the IMF urged Washington to adopt stricter fiscal measures to address the country’s mounting federal debt.
Despite the U.S. economy demonstrating resilience in the face of tighter monetary and fiscal policies, the IMF noted that inflation has proved more persistent than initially anticipated.
The IMF’s evaluation, known as the “Article IV” review, included a growth forecast of 1.7 percent for the entirety of 2023, slightly surpassing the organization’s previous estimate of 1.6 percent in April. On a quarter-to-quarter comparison, output was projected to decline by 1.2 percent in the fourth quarter.The IMF anticipates that […]
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