IMF urges US action on deficit as economy improves

In an annual review of the United States the IMF said the lacklustre US economy looks set to pick up speed but the record budget deficit must be tackled. However, the report said the recovery has thus far been uneven and that downside risks remain.

Source: Reuters

The sluggish US economy appears set to gather speed but Washington must plan now to plug a record-sized budget deficit, the International Monetary Fund warned on Tuesday.

Gross domestic product (GDP) of the world's biggest economy was