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IMF Projects U.S. Growth at 1.9%, Job Openings Fall

7/30/2025

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Summary

IMF Projects Growth

The IMF forecasts U.S. economic growth at 1.9% for 2023, slightly up from 1.8%.
Global growth is projected at 3% for 2025, a decrease from 3.3% in 2024.
Consumer confidence increased to 97.2 in July, yet remains below pre-pandemic levels.
Job openings dropped to 7.4 million in June, signaling a cooling labor market.
Inflation expectations have declined from 7% to 5.8% recently.

Summary

Consumer Confidence Rises

U.S. consumer confidence increased to 97.2 in July, surpassing June's revised 95.2.
Economists forecasted a smaller rise to 95.8.
The expectations index improved by 4.5 points, while the present situation index decreased by 1.5 points.
Although concerns about future conditions eased, job availability assessments declined for the seventh consecutive month.

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IMF Projects Growth

The IMF forecasts U.S. economic growth at 1.9% for 2023, slightly up from 1.8%.
Global growth is projected at 3% for 2025, a decrease from 3.3% in 2024.
Consumer confidence increased to 97.2 in July, yet remains below pre-pandemic levels.
Job openings dropped to 7.4 million in June, signaling a cooling labor market.
Inflation expectations have declined from 7% to 5.8% recently.

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