IMF Sees Fiscal Cliff & Euro Crisis As Key Risks To US Growth in 2012 & 2013

24/7 Wall St.

The International Monetary Fund still sees growth remaining positive throughout 2012 and 2013.  Unfortunately, this pesky “fiscal cliff” and the Euro area crisis are listed as the main risks to the IMF expectations.  The end suggestion is the same that the rest of us could tell you as well: Authorities need to reach an agreement on medium-term plan to reduce the debt.

The IMF warned about increasing risks by saying, “The U.S. recovery continues to be tepid. At the same time, risks have intensified, including from the worsening of the euro area crisis as well as the uncertainty over domestic fiscal plans.”

Today’s assessment is from its annual checkup of the U.S. economy is after speaking with the head of the U.S. team, Gian Maria Milesi-Ferretti.

On the outlook for the U.S. economy, Milesi-Ferretti said, “We expect the U.S. economy to recover at a tepid pace in 2012 and 2013—at…

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