IMF asks US to curb its budget deficits

International Monetary Fund

Far above the ground unemployment and a declining housing market have greater than before risks to the US economic recovery, At the same time as the public debt become visible large and needs to be cut, the International Monetary Fund said on Thursday. The IMF also said commercial real estate sustained to get worse, posing risks for smaller banks. Additional tipping the balance of risks to the downside, it said Europe's sovereign debt crisis could worsen economical market circumstances and hurt trade.
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