NEW YORK (CNNMoney) — Boost the U.S. economy now and worry about cutting deficits later, the International Monetary Fund recommended Tuesday.
The U.S. recovery remains “tepid” and according to the IMF, is expected to grow only 2% this year. Meanwhile, the fiscal cliff looms in 2013, threatening to reduce the economy’s growth to only 1% next year.
Meanwhile, the IMF predicts the job market will improve only at a snail’s pace. It expects the unemployment rate to average 8.2% this year and 7.9% in 2013.
Amid that weakness and threats from slower growth abroad, the IMF recommended U.S. policymakers spend more on infrastructure, worker training programs, extended unemployment benefits and fixes for the housing market.
Related articles
- IMF warns on U.S. economy (money.cnn.com)
- IMF’s Lagarde:US Fiscal Cliff Wld Have Severe Effect Beyond US (forexlive.com)
- IMF: Europe’s Problems Slow US Economic Recovery (blogs.voanews.com)
- IMF: U.S. Recovery ‘Remains Tepid’ Due to Euro Crisis, U.S. Politics (247wallst.com)
- IMF urges Germany to spur domestic demand (seattletimes.nwsource.com)
- U.S. must take steps to avoid fiscal cliff: IMF (marketwatch.com)
- IMF admits US recovery is ‘tepid’ but urges Obama to avoid drastic cuts (guardian.co.uk)
- IMF: US must avoid spending cuts, big tax jump (bottomline.msnbc.msn.com)
- IMF: U.S. must avoid big tax jump, spending cuts (usatoday.com)
- IMF: U.S. must avoid big tax jump, spending cuts (usatoday.com)
![International Monetary Fund [oct 25] International Monetary Fund [oct 25]](http://farm3.static.flickr.com/2632/4148188910_7c68f1b6db_m.jpg)