International Monetary Fund Is Upset About The US Growth

Forex News

IMF said that the US growth is seemed to be weakening. It now projects the economy to expand 3.5% in 2017 and 3.6% in 2018. British growth was also lowered by 0.3 p.p. to 1.7%. The Fund said that Chinese, Japanese, Eurozone and Canadian growth are the main drivers of the global recovery. Namely, China’s growth should mark a growth of 6.7% this year and 6.4% in 2018. Average annual growth is projected to be at 6.4% during 2018 through 2020. Japan’s growth is expected to make up 1.3% in 2017 and 9.6% in 2018. Eurozone growth should indicate 1.9% in 2017 and 1.7% in 2018. Canadian growth is projected to show 2.5% in 2017 and 1.9% in 2018.