Chuck Burton, Associated Press
WASHINGTON — The International Monetary Fund has lowered its outlook for the world economy this year, predicting that government spending cuts will slow U.S. growth and keep the euro currency alliance in recession.
The global lending organization has cut its forecast for global growth to 3.3 percent this year, down from its forecast in January of 3.5 percent. It's keeping its prediction of 4 percent global growth in 2014.
The IMF expects the U.S. economy to expand 1.9 percent this year. That's below its January estimate of 2.1 percent and last year's U.S. growth of 2.2 percent. Still, the IMF says the U.S. economy should expand 3 percent in 2014.
The organization is issuing its latest forecasts in advance of spring meetings of the IMF and World Bank in Washington this week.
- System failure to blame for delayed Saturday...
- Healthy jobs report a good sign for future...
- Weber State center helping to improve auto...
- Jobless claims drop to near 6-year low
- 3,000 Workforce Services clients may be...
- Walmart's 20 best-selling Black Friday items
- Fast-food strikes return amid push for wage...
- Cedar Hills to require business licenses for...
- Fast-food strikes return amid push for... 32
- Jobless claims drop to near 6-year low 10
- System failure to blame for delayed... 8
- Obama to feds: Boost renewable power 20... 6
- Cedar Hills to require business... 5
- Sugar House streetcar prepares for... 2
- Healthy jobs report a good sign for... 2
- United Kingdom government predicting... 1