UK Today News: International Monetary Fund (IMF) Says USA Is Showing Signs of Recovery, But Not in Housing and Jobs Sector
International Monetary Fund: The International Monetary Fund (IMF) stated that the economy of the US has shown good signs of improvement, but the housing sector and jobs in the country are in a very vulnerable state. IMF placed the figures stating that the growth in U.S is around 3.3% for 2010 and would likely be around 2.9% in the year 2011.
The only matter of concern now is the feeble housing market and the torn down job sector. Unemployment in the Unite States would be somewhere around 9% for both the years and the inflation in the country will show no signs of improvement.
The IMF issued these statements after a strong discussion with the US administration, and also stated that recovery from the recession became possible only due to solid financial policies. But still there is visible improvement in the economy but improvement in the housing and the jobs sector seem to be a point that US needs to ponder upon.