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IMF raises US 2023 economic forecast

WASHINGTON, D.C.: The International Monetary Fund (IMF) slightly raised its forecast for 2023 US economic growth on Friday while noting that a slowing economy will likely lead to a small increase in unemployment in 2024.

'The US economy has proven resilient,' IMF managing director Kristalina Georgieva said in a press conference, shortly after the updated figures were released.

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva arrives at 10 Downing Street in central London on May 23, 2023. Daniel LEAL / AFP