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The world 's largest economy is slowing, but is likely to achieve the so-called "soft landing" rather than slow so much as to fall into recession, the head of the International Monetary Fund said today.
"We see a soft landing in the US economy," IMF Managing Director Rodrigo de Rato told reporters at a press conference ahead of the semi-annual meetings of the IMF and the World Bank taking place here this weekend.
Rato said he is watching the US economy closely and looking at both the housing slowdown and the implications it has on the broader US economy.
Earlier this week, the IMF said the global economy should turn in an energetic performance this year, even though its biggest player, the United States, is expected to experience its weakest growth in five years.
Those comments were part of the latest World Economic Outlook, released Wednesday. The IMF is projecting the world economy to grow by 4.9 pct in 2007 and 2008.
The US economy is expected to grow by 2.2 pct this year, which would be the slowest since 2002, when it was recovering from a recession. |
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