The International Monetary Fund is now more optimistic regarding growth in 2014 for the U.S., where this week adopted a budget for the next two years today, as was said by the General Director of the International Organization Christine Lagarde. In an interview on the show Meet the Press television network NBC, Lagarde spoke of a more stable outlook for 2014, which leads us to revise upwards our forecast for U.S. growth.
The general director of the IMF did not mention a number, but the forecast for global growth in early October, the IMF stated that it expects a 2.6% for the U.S. next year, after 1.6% this year. The Lagarde supported the IMF’s optimism for the U.S. economy to positive that it represents and relied mainly on unemployment, but also the positive signals from the Congress and the Federal Reserve. The general director of the IMF welcomed very positive announcement from the Fed to reduce the monetary support to the U.S. economy as positive actions of Congress for the dissolution of the concerns regarding the budget and the reduction of automatic cuts.
The U.S. Senate Wednesday adopted a budget for the coming two years, which gives an indication of greater stability in the country after many financial crises, including that of October, which temporarily paralyzed a portion of the federal public service. This budget provides the framework for expenditure in 2014 and 2015 while canceling the automatic cuts to be put into effect on January 1. The agreement reached on the budget is a very good sign of responsibility, Lagarde said.
By Nicole P.