24-07-2017 17:53 via feedproxy.google.com

The IMF just downgraded the Trump economy

The International Monetary Fund has sharply revised its forecast for US economic growth in a direct indictment of Donald Trump’s presidency and 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% previously, and 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
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