By Arlenys Tabare
Apr 16, 2024, 11:51 AM EDT
This Tuesday, the International Monetary Fund (IMF) published its report on the global economic outlook (WEO) in which it noted an “exceptional” and “impressive” projection for the United States GDP, which is expected to grow 2.7% this year.
The new figure will be six tenths more than those anticipated in January, therefore, for the IMF the evolution of the US GDP It will have a great performance that will also push the rest of the world’s economies.
The report highlights that “surprisingly, the US economy has surpassed its pre-pandemic trend,” while noting that “America’s recent exceptional performance is certainly impressive and one of the main drivers of global growth,” he indicates.
Although the outlook seems positive, the United States still maintains its inflation above 3%, very far from the Federal Reserve’s objectives, therefore, if economic resilience is sustained, it could make it difficult to lower the inflation rate.
The IMF analysis anticipates that “persistent and unexpected inflation in the US could, for example, trigger an upward revision of interest rate expectations and cause an appreciation of the US dollar. In some cases, such developments could put the financial sector under pressure,” he says.
In this regard, the international financial organization adds in the report that the strength of the dollar also has consequences for other world economies, which can create “greater global divergences” and affect global growth.
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