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IMF Cuts U.S. Growth Outlook

The fund removes Trump’s planned fiscal stimulus measures from its forecast.

The International Monetary Fund cut its outlook for the American economy and said the U.S. probably won’t meet President Donald Trump’s target of 3% annual growth.

The IMF reduced its forecast for U.S. growth this year to 2.1%, from 2.3% in the fund’s April update to its world economic outlook. It also cut its projection for U.S. growth next year to 2.1%, from 2.5% in April. The world’s biggest economy is being held back by problems ranging from an aging population to low productivity growth, the fund said in its annual assessment of the U.S. economy released Tuesday.

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