Report says IMF to cut US growth outlook

The International Monetary Fund expects the United States economy to grow less than previously expected this year and next, but will upgrade Japan's growth prospects on its upcoming world economic scorecard, German newspapers said over the weekend.

According to business dailies Handelsblatt and Financial Times Deutschland, the IMF's World Economic Outlook will show the fund expects US growth to reach 3,5% this year and dip to 3,3% in 2006. In April, the IMF forecast US growth of 3,6% for both