(MENAFN) The International Monetary Fund (IMF) cut its projections for the US economy in 2014 to 2 percent due to a weak-first-quarter performance, Xinhua reported.
The IMF suggested the US government should start making reforms for uncertainties and long-term growth, as better forecasts lie ahead.
"We have revised downwards our growth forecast for 2014 down to 2 percent. That is largely attributable to the poor results of Q1, which are largely not entirely weather-related," IMF chief said.
In the IMF annual report, the monetary maintained its 3 percent growth expectation for 2015, the highest annual rate for the country since a decade.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.