The IMF cuts to 2.3% the expectation of economic growth for the US this year

The IMF cuts to 2.3% the expectation of economic growth for the US this year

In May, inflation in the United States reached 8.6%, the highest level since 1981, which is why the Federal Reserve (Fed) raised the reference interest rate by 75 basis points, to leave it between 1.5% and 1.75%.

The US central bank contemplates another increase of 75 basis points in the interest rate to bring the consumer price index to the target of 2% average. In addition, the process to reduce the balance sheet has already begun.

The IMF estimates that inflation in the United States will close 2022 at 6.6%.

The international organization pointed to the rapid recovery of US demand as inflationary pressures, as well as the increase in energy prices and disruptions in supply chains.

In forecasts for next year, the International Monetary Fund expects the US economy to slow sharply to 1% and inflation to drop to 1.9%.

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