IMF upgrades US outlook

The International Monetary Fund (IMF) believes that the United States economy will grow next year.

The IMF said on Monday that it now expects the US economy to grow by 0.75% next year, up from April, when the Fund predicted zero growth.

The Fund also revised its forecast for 2009, forecasting the US economy to shrink by 2.5%, rather than by 2.8% as was estimated in April.

CPI inflation was expected to be 0.5% in 2009 and 1% in 2010.

The Fund praised the American authorities for their activist

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