IMF slashes estimate for US economic growth in 2014

IMF slashes estimate for US economic growth in 2014 | Business | The Guardian: "The IMF believes the US also needs to do more to mitigate the impact of its ageing population and to stimulate productivity. The best option would be for government to boost spending, notably on infrastructure, the IMF said. "But, regrettably, political agreement on such an approach remains elusive," the fund said. The IMF also warned that while financial markets appeared relatively stable, the long period of low interest rates had increased the chances of a new financial crisis emerging."

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