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Economy - Friday (Investor's Business Daily)

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06-22-2008, 05:30 PM

Gurmastak Singh Gurmastak Singh is offline

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Join Date: Feb 2007

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Economy - Friday (Investor's Business Daily)

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Investor's Business Daily - The Int'l Monetary Fund said the U.S. economic slowdown has been less than feared and a slow recovery should begin in '09. The group didn't mention recession in its annual review and urged the Fed to hold interest rates steady. The recommendation assumed inflation will be contained. The IMF sees GDP growth of 1% in '08 and 0.8% in '09 vs. its prior estimates of 0.5% and 0.6%, respectively.

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