Today I Learn… I make a point of learning something new everyday. This is what I learn each day

1, May 5, 2013

Slow growth forecasts by IMF

Filed under: Economy — admin @ 12:46 am

On 4/16, I read this one about U.S. economy. “IMF Lowers 2013 Economic Growth Forecasts” by Scott Neuman.

“The International Monetary Fund has lowered its projections for global economic growth, including in the United States, citing sharp cuts in government spending and the struggling eurozone.

The Washington, D.C.-based international lender’s World Economic Outlook shaved its 2013 forecast to 3.3 percent from 3.5 percent. It also trimmed its projection for 2014 to 4 percent from 4.1 percent.

The IMF on Tuesday also pared back its forecast for growth in the U.S. economy this year, to 1.9 percent from 2.1 percent.”

From this I think of many college graduates who have already been unemployed for a year or even longer. The dreadful part is this prolonged economic downturn will indeed create a lost generation.

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