IMF to Raise U.S. Economic Growth Forecasts

The U.S. economy will grow at a faster pace than previously expected, according to the International Monetary Fund’s Managing Director Christine Lagarde.

The IMF’s top official said Sunday on NBC’s “Meet the Press” that growth is picking up, and that it’s poised to accelerate as the business climate sees more certainty in 2014. Adding to that sense of certainty is a budget deal reached by Congress and clear communication from the Federal Reserve about its plan to wind down its bond-buying stimulus, Lagarde said.

She did not offer a revised figure, but the IMF is due to revise its outlook next month.

Source: Moneymarket