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Thursday 16 August 2018

Fears for US growth

THE US Federal Reserve has cut its forecasts for US economic growth this year.

However, the Fed did not disclose what measures would be taken to support the economy, saying growth should pick up soon.

In quarterly projections, the US central bank said the US economy should grow by 2.7pc to 2.9pc this year. This is 0.4 points lower than the range it expected in April.

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