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Follow on Google News | Financial Soultions: IMF sheds positive light on U.S. economy.The U.S. GDP is looking healthier, but IMF does caution on debt.
In its World Economic Outlook, the IMF announced that they now expect the U.S. economy to grow 1.5% in 2010, higher than its July anticipation for 0.8% growth. It bumped down its 2009 prediction to a decline of 2.7% from its earlier estimate of a 2.6% slide. The IMF ascribed "unprecedented" "On the upside, the strong policy response and a rapid recovery in emerging markets could lead to a virtuous circle of rising confidence, improving financial conditions, and strong aggregate demand growth," the IMF statement available to Financial Soultions, said. The report warned that consumer spending may be feebler than predicted due to high and rising unemployment and the necessity for households to pare debt. Increasing corporate and commercial property non-payments also threatened to slow the improvement in financial conditions, which could hamper the recovery, Financial Soultions understands. # # # Financial Soultions is a Boutique Investment Advisory Firm with very selective Corporate, Private and Institutional Clientèle who enjoy above average returns and service. End
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