The US economy will slow down in 2023-2024, but avoid a recession. However, this will become increasingly difficult to achieve, according to experts from the International Monetary Fund (IMF), Report informs citing foreign media.
“Based on the policy path outlined at the June FOMC meeting, and an expected reduction in the fiscal deficit, we expect the U.S. economy will slow. We are conscious that there is a narrowing path to avoiding a recession in the US. We also have to recognize the uncertainty of the current situation,” IMF Managing Director Kristalina Georgieva said.
IMF experts expect real GDP growth to slow down to 1.7 percent and 0.8 percent in 2023-2024, from 2.9 percent projected for the current year. However, in 2025 and 2026, according to experts, the figures will increase to 1.7 and 2.1 percent, respectively.
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