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The IMF will slash its forecast for U.S. economic growth in its next World Economic Outlook...

The IMF will slash its forecast for U.S. economic growth in its next World Economic Outlook report, according to Reuters and Italian news agency ANSA. Investors should expect the U.S. economy to grow at just 1.7% in 2013, well below the historical average and 0.3% less than previously forecast. On the bright side, the IMF said last month it could cut its outlook by as much as 0.5% so, in theory, it could have been worse. 
Comments (10)
  • The Geoffster
    , contributor
    Comments (4013) | Send Message
     
    I won't believe it until Kramer says, "Sell, sell, sell."
    24 Mar 2013, 07:58 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Does the IMF take into account ObamaCare, the rising costs from all entitlements and welfare programs, growing regulatory compliance costs, and debt service cost risks?
    24 Mar 2013, 08:07 PM Reply Like
  • minecanary
    , contributor
    Comments (481) | Send Message
     
    Crap, says Bennie, I knew we didn't print enough
    24 Mar 2013, 08:11 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3340) | Send Message
     
    Mmmmmm......because of Europe's problems? We are own biggest market (Europe being only 4% - I believe that is the number) - too much pent up demand.
    24 Mar 2013, 08:16 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    The majority (of fools) in the US asked for more taxes, regs, and an EU-style cradle to grave type of Socialism that is failing all over Europe when they reelected Barry.

     

    To see how well this works in reality, look at Greece or Detroit.

     

    History repeats.
    24 Mar 2013, 09:20 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3340) | Send Message
     
    We pay about the least in taxes - not even counting VAT. Ask many retirees - we do not have cradle to grave. Medical costs are number one reason for bankruptcies.

     

    I pay less in taxes now than the 80's. Where have you been?
    24 Mar 2013, 09:32 PM Reply Like
  • bjamesh
    , contributor
    Comments (112) | Send Message
     
    Confirmation of PIMCO/Bill Gross and the "new normal".
    24 Mar 2013, 09:50 PM Reply Like
  • Terry330
    , contributor
    Comments (867) | Send Message
     
    GOP has done everthing in their power to make President Obama and American people suffer.
    24 Mar 2013, 09:54 PM Reply Like
  • levitation
    , contributor
    Comments (13) | Send Message
     
    Is that 1.7% nominal?

     

    Probably is. If you factor in 2% inflation (based on housing prices, M2 increase and current weakness in some 10-Qs) then real gdp growth will be negative.

     

    :(
    24 Mar 2013, 11:10 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    That should mean more printing.

     

    Like all things, just bullish
    24 Mar 2013, 11:17 PM Reply Like
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