The International Monetary Fund has predicted a lower economic growth for America's economy compared to U-S President Donald Trump's goal in that regard.
The I-M-F has reduced projection for U-S economy’s growth to two-point-one percent for 20-17 and 20-18, calling Trump’s three percent goal unlikely. The organization says its lower forecast is partly because the labor market is already at a level consistent with full employment in the U-S. The I-M-F has dropped its assumption that the Trump administration’s tax cut and fiscal spending plans would boost growth. It says the U-S president’s proposed budget would place a disproportionate share of spending cuts on low and middle-income households.
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