Reported 12 months ago
The International Monetary Fund (IMF) criticized the United States for running large deficits, carrying excessive debt, implementing aggressive trade policies, and facing risks in the banking sector. While acknowledging the US economy's strength and adaptability, the IMF expressed concerns about the fiscal deficit, trade restrictions, and vulnerabilities in the banking system. The IMF recommended concrete actions to address these issues, including the full implementation of Basel III proposals. Additionally, it downgraded its growth forecast for the US economy to 2.6% for the year.
Source: YAHOO