FX.co ★ IMF lowers US growth forecast for 2016

The latest world economic outlook of the International Monetary Fund trimmed its 2016 forecast for US economic expansion to 2.2%. The IMF also remained its 2017 US growth outlook unchanged.
However, the report said that downside risks for US economy persist as a rising share of the US labor force is shifting into retirement, basic infrastructure is aging, productivity gains are scanty, and labor markets and businesses appear less adept at reallocating human and physical capital. The middle class shrank to its smallest size over the past 30 years.
Economists also say there are pressures on the dollar as well as a risk of significant contraction of investment following the UK referendum.