IMF Downgrades US 2017 & 2018 Growth Forecast on Fiscal Changes

IMF Is out with its U.S. Article IV Press Briefing, its view on the U.S. economy and its prescriptions for improvement.  Lower forecasts put the IMF in-line with the Fed.

IMF Is out with its U.S. Article IV Press Briefing, its view on the U.S. economy and its prescriptions for improvement.  Lower forecasts put the IMF in-line with the Fed. The presented it via a Live IMF Webcasts with Q&A.
http://www.imf.org/external/mmedia/viewlive.aspx?eventid=5689

Headlines
Tax Reform Lowers fiscal stimulus as revenue neutral
2017 growth at 2.1% compared to 2.3% in April
2018 forecast cut to 2.1% from 2.5%
Real GDP is now 12% above pre-crisis high
Fed should continue to hike “in a data dependent way”

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