IMF sees many unfavorable factors for the US economy

VTV.vn - The IMF warned that the US economy is under pressure from slow job growth, falling domestic demand and tariff tensions, with lower growth forecast for the fourth quarter.

People shop at a supermarket in Millbrae, USA. (Photo: THX/TTXVN)

The International Monetary Fund (IMF) has pointed to some signs of growing stress in the US economy and expects the world's largest economy to slow down in the fourth quarter of the year. The lack of accurate economic data due to the record-long partial shutdown of President Donald Trump's government, which lasted 43 days, has made it difficult for the IMF to provide detailed and effective assessments of the US economy.

In a statement on November 13, IMF spokeswoman Julie Kozack said the US economy has shown resilience over the past few years, but the institution now sees factors weighing on economic activity such as falling domestic demand, slowing job growth and the impact of tariff tensions...

The IMF said the prolonged partial US government shutdown would have a negative impact on growth in the fourth quarter, likely lower than the 1.9% forecast it made last month. However, the impact is likely to reverse in the next quarter, similar to previous US government shutdowns.

On inflation, the IMF reiterated its view that US inflation is on track to fall back to the Federal Reserve’s 2% target. However, tariffs will increase inflation risks, while slowing job growth will further complicate the Fed’s monetary policy options.

The IMF said that inflation in the US is "well anchored" but also noted that, although the rate of price increases has slowed, higher prices are causing difficulties for some segments of society.

Source: https://vtv.vn/imf-nhan-thay-nhieu-yeu-to-bat-loi-doi-voi-kinh-te-my-100251114085709292.htm