The International Monetary Fund is raising its outlook for the US in a sign that the world’s largest economy has reached a turning point and is poised for stronger growth almost five years after a devastating recession.
Christine Lagarde, the managing director of the IMF, delivered a bullish forecast for US growth, saying that a budget deal by the US Congress, strong data and the Federal Reserve’s plan to taper bond buying had given the world “a lot more certainty for 2014”.
“Growth is picking up and unemployment is going down. So all of that gives us a much stronger outlook for 2014, which brings us to raising our forecast,” she said on NBC’s Meet the Press yesterday.
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