IMF Predicts Slower U.S. Growth on Debt Concerns, Confidence

The International Monetary Fund lowered its forecast for U.S. growth this year and in 2012, citing unresolved debt-reduction concerns and waning confidence among consumers and businesses.

The world’s largest economy will expand 1.5 percent this year, down from the 2.5 percent projected in June, the Washington-based lender said today in its World Economic Outlook report. Unemployment will average 9 percent or higher through next year, the IMF said.