IMF trims U.S. economic outlook

CNNMoney

By Ben Rooney @CNNMoney June 17, 2011: 10:00 AM ET

NEW YORK (CNNMoney) -- The International Monetary Fund on Friday lowered its forecast for U.S. economic growth, and warned that risks to the global recovery have increased.

In the latest update to its World Economic Outlook, the IMF said it expects the U.S. economy to expand at an annual rate of 2.5% this year and 2.7% in 2012. That's down from projected growth rates in April of 2.8% and 2.9%.

The U.S. government said last month that the economy grew at an annual rate of 1.8% in the first quarter of 2011, down sharply from 3.1% in the final three months of 2010.

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http://money.cnn.com/2011/06/17/news/economy/imf_outlook_us_economy/