is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks beforeTuesday by highlighting U.S. economic growth since the nation was in the grips of the COVID-19 pandemic.
The IMF expects the U.S. economy — the world’s largest — to expand 2.8% this year, down slightly from 2.9% in 2023 but an improvement on the 2.6% it had forecast for 2024 back in July. Growth in the United States has been led by strong consumer spending, fueled by healthy gains in inflation-adjusted wages.
Who wins the U.S. election will also have enormous impacts on global finance and the world’s economy.
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