US says IMF economic outlook too pessimistic

first_imgHe faulted the IMF for veering into social issues, saying “this dynamic detracts from the usefulness and impact of the report.””Economies are neither made nor remade but emerge from millions of citizens’ independent decisions, and dirigisme runs contrary to the spirit of free enterprise that undergirds the US economy,” he said in a statement included in the full report.In the initial summary released July 17, the IMF staff predicted a 6.6 percent contraction of American GDP this year compared to 2019, and 3.9 percent growth in 2021, but Rosen called that “too pessimistic.””Given a high degree of uncertainty, we do not place much confidence in point estimates of GDP growth,” he said, adding that the fund’s analysis possibly “assumed limited additional stimulus.”However, the White House and Congress have not been able to bridge their differences over the size and structure of a new emergency spending bill, and President Donald Trump over the weekend announced limited measures to bridge the gap and try to put pressure on Democratic leaders to come to the table.Rosen, who also rejected the IMF critique of Trump administration trade policy, said the US government believes the recovery will pick up speed as states reopen.But many states, facing surging COVID-19 cases, have been forced to impose restrictions, while schools in many districts are struggling to reopen safely.Topics : The IMF is too gloomy in its outlook for US growth and oversteps its mandate in calling for Washington to reshape the American economy, a US official said Monday.In its annual review of the US economy, the fund said Washington has the financial firepower to fix the health care system, better support poor families with improved aid programs and tax credits, and improve jobless benefits to include self-employed workers.Mark Rosen, US representative to the fund’s board, said he agrees the government has ample resources available to deal with the pandemic. “Our authorities disagree, however, that they should use available fiscal space to ‘broadly remake’ the US economy.”last_img read more

Manchester United’s Marouane Fellaini to miss Belgium friendlies due to injury

first_img Press Association Louis van Gaal confirmed the 27-year-old missed Saturday’s 2-0 win against West Brom with an unspecified injury sustained in training on Friday. That issue has subsequently forced Fellaini out of Belgium’s squad for the upcoming friendlies against Italy and Spain, it was confirmed on Sunday evening. Red Devils manager Marc Wilmots posted on Twitter: “.@Fellaini and @J_Lukaku94 are out for #belita & #belspa. Speedy recovery!” Oostende left-back Jordan Lukaku – younger brother of Everton striker Romelu – and Fellaini have been replaced by Gent midfielder Sven Kums and Everton forward Kevin Mirallas. center_img Manchester United midfielder Marouane Fellaini has withdrawn from the Belgium squad through injury.last_img read more

Raúl de Tomás, the goal that escaped Lopetegui

first_imgLaLiga Santander* Data updated as of February 13, 2020 Not surprisingly, that football that sometimes grants second chances could have brought together in January the reunion between the two, when the Hispanics were looking forward and had 20 million, just what Benfica asked for RdT. But Espanyol had anticipated, convincing him and the Lisbon club since mid-December, so those of Lopetegui ended up opting for Youssef En Nesyri for that same amount. Lopetegui numbers are not right. Not now, not last season. Until the dismissal of the coach at the head of Real Madrid, after the tenth day, only Karim Benzema had more goals (four) than the three of Thomas He had already harvested in the Rayo, where he would end up with 14 goals, the same ones that all the white team wore when the club turned to Santiago Solari to relieve him.“Benzema is Benzema and I am Raúl de Tomás, we are completely different“, the last season the perico striker resolved, fleeing (rather, showing his tiredness) from comparisons. Until August 24, 2018, very close to the end of the summer market, no Raúl de Tomás left Real Madrid’s discipline. His nth transfer, but not any one. And not because it would be the last one before being transferred a year later to Benfica, since he did not know it. But because the white coach did count on him. It was Julen Lopetegui.“I could have been there, Lopetegui wanted me to stay“, revealed the striker in January 2019. And added:”But I didn’t want my function to be just sitting all year“And hence he agreed to return to Rayo Vallecano, with which unlike Real Madrid he did make his debut in Primera. Now the player and coach faces will be seen, but with the equipment changed. Tomás, counting goals for matches at Espanyol. And Lopetegui, surfing a crisis of results in Seville.center_img LaLiga Santander* Data updated as of February 13, 2020 And this season, with the great caveat that there are still 15 games left to play, time is also proving RdT. He has four goals in as many days, as many as the ‘pichichi’ of his country, Luuk de Jong, throughout the season. For its part, In Nesyri has a loner both in Seville, yes, last day against Celta. And without forgetting that even in Leganés he stabbed Espanyol on December 22, with the 2-0 that meant the dismissal of Pablo Machín, a Sevilla coach a year ago.last_img read more