World Business NewsA round up of the latest news for those doing business internationally
IMF cuts US growth forecast for 2014
Zone(s): USA ¦ Sector(s): Economy
The crisis lender said it expects 2% growth this year, down from its April forecast of 2.8%, after a “harsh winter” led to a weak first quarter. However it expects 3% growth in 2015. It also said the US should increase its minimum wage to help address its 15% poverty rate.
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