IMF cuts its projections for US economic growth in

  • 2022: forecast is 2.3% (previous forecast was 2.9%)
  • 2023: 1.0% (from 1.7%)

Citing revisions in US data. Further projections:

  • says expects Federal Reserve policy actions to slow US consumer spending growth to zero by early 2023
  • expects the jobless rate to rise to 5% by the end of 2023