IMF Slashes US Growth Expectations; Pushes Higher Minimum Wage, Removing Tax Loopholes & Fiscal Stimulus

by Tyler Durden
ZeroHedge.com
06/16/2014

Who could have seen that coming? The IMF has slashed US growth expectations for 2014 from 2.8% to 2.0% (with 2015 hockey-sticking back to 3.0%) due to weather. The IMF also warned the Fed should be “mindful of financial stability,” but that is not the most surprising aspect of the IMF’s mea culpa as they plunge head first into policy decisions…

*IMF RECOMMENDS RAISING U.S. MINIMUM WAGE, ADDITIONAL U.S. INVESTMENT IN INFRASTRUCTURE, & LIMITING OR ENDING ITEMIZED TAX DEDUCTIONS

One wonders, rhetorically of course, if the IMF also pulled a “Polish Central Bank” and suggested that the US fire all Republicans in return for this suggestion; and we wonder how El-Nino is “priced-in” to this forecast.

The Rest…HERE

This entry was posted on Monday, June 16th, 2014 at 10:41 am and is filed under Economics, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.