IMF: U.S. Not Doing So Bad

Another bit of news that hints at the possible winding down of the recession: the International Monetary Fund has raised its outlook for the American economy and is calling for a plan to help ease us out of the downturn. The details, from the IMF:

The combination of financial strains and ongoing adjustments in the housing and labor markets is expected to restrain growth for some time, with a solid recovery projected to emerge only in mid-2010. Against this background, GDP is expected to contract by 2 1/2 percent in 2009, followed by a modest 3/4 percent expansion in 2010 on a year-average basis

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.