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U.S. Fed Lowers GDP Forecasts
Dhu Published in Saudi Press Agency on 18 - 09 - 2013

AlQa'dah 12, 1434, Sep 18, 2013, SPA -- The rate-setting Federal Reserve cut its forecasts for US economic growth through 2014 in a statement Wednesday following the latest meeting of monetary policymakers.
According to dpa, the Fed lowered its projection for 2013 to a range of 2- to 2.3-per-cent growth in gross domestic product, from an expectation in September of 2.3 to 2.6 per cent.
The bank's forecast for 2014 was 2.9-3.1 per cent, down from 3-3.5 per cent.
The growth projection for 2015 was narrowed to 3-3.5 per cent, down from 2.9-3.6 per cent.

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