Resuming better than expected in the U.S. but risks remain
The International Monetary Fund (IMF) estimates that the economic recovery of the United States proves stronger than expected but still weakened by high unemployment and a moribund housing market.
The IMF has slightly raised its outlook for U.S. growth to 3.3% for 2010 and 2.9% for 2011, but he added that unemployment would remain above 9% for two years, with inflation still low.
In a statement released Thursday after annual consultations with the U.S. authorities, the IMF considers that the recovery from the recession is affirmed by an efficient reaction of the authorities in monetary and fiscal policy.
"The outlook has improved with the recovery but weaknesses remain in household balance sheets and financial services, combined with high unemployment may slow private spending," observes the Fund.
- Lagarde urged States not to kill the growth
- Fed asks for a new fiscal stimulus
- The IMF commended for its thoroughness and Europe blames U.S.
- The appointment of the Fed, policies expected to act quickly
- IMF calls for Washington to act quickly on its debt ceiling
