WASHINGTON Nike Air Max 97 Mens UK Sale , June 27 (Xinhua) -- The International Monetary Fund (IMF) on Tuesday downgraded its growth forecasts for the U.S. economy in 2017 and 2018, citing significant policy uncertainties.


While the Donald Trump administration proposed reduction of fiscal deficit and debt, reprioritization of public spending and revamp of the tax system, "it became evident that many details about these plans are still undecided," the IMF said in a statement after concluding the Article IV consultations with U.S. authorities Nike Air Max 97 UK Sale , an annual check-up of economic and financial policies between the IMF and its member countries.


Given these significant policy uncertainties, the IMF decided to remove the assumed fiscal stimulus from its forecasts for the U.S. economy earlier this year and base its new projections on unchanged policies.


"Specifically, it neither builds in the effect of tax reform nor the expenditure reductions proposed in the administration's budget," the IMF said, expecting the U.S. economy to grow 2.1 percent both in 2017 and 2018 Nike Air Max TN Mens UK Sale , down 0.2 and 0.4 percentage points respectively from its previous forecasts in April.


However, significant policy uncertainties imply "larger-than-usual, two-sided risks" to the forecasts, the IMF said.


On the one hand, a medium-term path of fiscal consolidation would result in a growth rate that is below this baseline. On the other hand Nike Air Max TN Womens UK Sale , spending reductions could be less ambitious and tax reforms could lower federal revenues, providing stimulus to the economy, and raising its near-term growth.


However, the IMF believed the Trump administration is unlikely to accelerate annual U.S. economic growth to sustained 3 percent from 1.6 percent last year, "even with an ideal constellation of pro-growth policies."


"The international experience and U.S. history would suggest that a sustained acceleration in annual growth of more than one percentage points Nike Air Max TN UK Sale , as projected by the administration, is unlikely," the IMF said.


The IMF also said the Federal Reserve should continue gradually raising interest rates, as the central bank has largely achieved its dual mandate of price stability and maximum employment.


"Alongside the ongoing normalization in policy rates, it is appropriate that the Federal Reserve looks to unwind the post-crisis increase in its holdings of treasury and mortgage backed securities Nike VaporMax Mens UK Sale ," the IMF said, noting continued clear communication would help the central bank smoothly shrink its balance sheet and avoid undue market volatility.


Earlier this month, the Fed raised the benchmark interest rates for the fourth time since December 2015 and unveiled a plan to trim its balance sheet later this year.


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MEXICO CITY， Feb. 21 (Xinhua) -- A young Mexican recently deported from the United States killed himself by jumping off a border bridge， Mexican media reported on Tuesday.


The man "jumped off the first roadway bridge he came across when entering Tijuana" from the San Ysidro border crossing point in San Diego， California， Mexican daily La Jornada said.


The incident took place around 9 a.m. (1500 GMT)， barely an hour after he was returned to Mexico， the daily said.


Red Cross paramedics took the man， who has yet to be identified， to a local hospital， where he died of his injuries minutes later， news magazine Proceso said.


U.S. President Donald Trump's crackdown on undocumented migrants could potentially lead to the deportation of millions of Mexicans and other Latin Americans in the coming months.


CHICAGO, Feb. 8 (Xinhua) -- Chicago is filled with joy and festivity as it celebrates China's Lunar New Year, with lots of decoration and activities featuring monkey in the city, which aims to boost its attraction to Chinese visitors.


Entering China's Year of Monkey, it is easy to find images of monkey in Chicago Nike Vapormax CS UK Sale , the third largest U.S. city that Mayor Rahm Emanuel aims to make as the top destination in the U.S. for Chinese New Year celebrations.


No one can find more monkeys elsewhere than in Bloomingdale's on the Magnificent Mile, where tens of paper-cut monkeys hang high along the top-end store's major aisles, and porcelain monkeys either wear a sunglass or carry a bag to greet customers.


Bloomingdale's is not the only shopping mall that has monkey as decoration. Macy's, a U.S. chain retailer, granted a prized window for the Chinese Ministry of Culture to install a red face of "Monkey King" in Beijing opera. Passers-by are fascinated by the monkey who keeps winking at them.


The retailers certainly do not stop at having monkeys as decoration. Bloomingdale's is giving out Chinese New Year red envelopes and KatCheung Monkey bags to customers. Customers are also getting coupons with face values of 8 Nike Vapormax Laceless UK Sale , 88 and 888 dollars, as "eight" sounds like enrichment in Cantonese Chinese.


The Art Institute of Chicago Monday has kicked off its 2016 Chinese New Year celebration with the theme of "Monkeying Around."


Monday takes the 9th place on the Chinese zodiac circle of 12 animals.


The museum is offering Chinese language tour guide books, standard Chinese Audio Guide and Chinese food at its cafe during the holiday season.


Among over a million visitors each year, more than 100,000 are Chinese. "Chinese visitors to the museum increased about 30 percent last year Nike Vapormax Flyknit UK Sale ," Nora Gainer, director of Tourism Marketing, told Xinhua. "We'd like to welcome more of them to our muse. Cheap New Soccer Jerseys Cheap Soccer Retro Jerseys Wholesale Jerseys China Wholesale Jerseys Wholesale Jerseys China Wholesale Jerseys From China Wholesale NBA Jerseys Wholesale MLB Jerseys Wholesale Jerseys From China Wholesale NHL Jerseys

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