WASHINGTON (Reuters) – The International Monetary Fund on Friday urged the United States to repeal sweeping federal budget cuts that will be a severe drag on economic growth this year. In its annual check of the health of the U.S. economy, the IMF forecast economic growth would be a sluggish 1.9 percent this year. The IMF reckons growth would be as much as 1.75 percentage points higher if not for a rush to cut the government's budget deficit. The IMF cut its outlook for economic growth in 2014 to 2.7 percent, below its 3 percent forecast published in April. …
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