Showing posts with label budget spending cuts. Show all posts
Showing posts with label budget spending cuts. Show all posts

Saturday, April 13, 2013

IMF to cut US growth forecast amid downbeat retail and confidence data

America's budget wrangling is holding back recovery in the world's largest economy, according to a leaked draft of forecasts from the International Monetary Fund that coincided with data showing a dip in consumer confidence and weaker spending in the nation's shopping malls.