The Biden Economy

[Chicks]

US to grow at double the rate of G7 peers this year, says IMF
https://www.ft.com/content/3b819571-...5-c7e682b55700

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https://www.ft.com/content/3b819571-...5-c7e682b55700

The US is on track to grow at double the rate of any other G7 country this year, according to IMF forecasts, as the strength of the world’s biggest economy rocks international markets.

Strong household spending and investment will help propel US growth to 2.7 per cent this year according to the fund’s latest World Economic Outlook.

The figure is higher than the 2.5 per cent estimated for 2023 and represents a 0.6 percentage point upgrade on the previous forecast.

The projections highlight the US economy’s role as the driver of global growth, as investors across the world scale back their expectations for Federal Reserve interest rate cuts.

Great job, Joe!