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US FED downgrades growth forecast

07-15-2010 09:37 BJT

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US Federal Reserve officials have a slightly dimmer view compared to April, worrying that the European debt crisis, could affect US growth and job prospects.

In an updated economic forecast, Fed officials predicted the nation's GDP to grow between 3 and 3.5 per cent this year. That's a revision from their April forecast of 3.2 to 3.7 per cent.

They also predicted, the unemployment rate for this year will stand between 9.2 and 95 percent. The April forecast was 9.1 per cent.

The Fed says its lower economic growth projections reflect "economic developments abroad" like the European debt crisis.

The US central bank says it'll need to consider whether further policy stimulus may become appropriate if the economic outlook worsens considerably.


Editor:Zhang Pengfei |Source: CNTV.CN

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