IMF lowers US economic growth forecast for 2024 to 2.6 pct

The International Monetary Fund (IMF) on Thursday revised down its projection for the United States' economic growth for 2024 from the previous estimate of 2.7 percent in April to 2.6 percent amid concerns over fiscal deficit and trade policies.

In a closing statement for its "Article IV" review of U.S. economic policies, the organization cited the significant scale of the U.S. fiscal deficit and the escalating burden of debt as key factors contributing to the downward revision.

The IMF expressed concerns over the increasingly aggressive trade policies pursued by the U.S., noting that "the ongoing intensification of trade restrictions and the increased use of preferences in the treatment of domestic versus foreign commercial interests represent a growing downside risk for both the U.S. and the global economy."

The 8th China-Eurasia Expo concluded on Sunday in northwest China's Urumqi, Xinjiang Uygur Autonomous Region.

At the expo, more than 360 cooperation projects were signed, worth more than 610 billion yuan (about 83.94 billion U.S. dollars).

Themed "New Opportunities of Silk Road, New Vitality for Eurasian Cooperation," the exhibition has attracted over 1,900 participants from 50 countries, regions, and international organizations and showcased over 6,000 varieties of products mainly from China, West Asia and Europe.

Since 2011, the biennial China-Eurasia Expo has successfully held seven sessions, attracting a total of 12,000 domestic and foreign exhibitors from more than 70 countries and regions and 2.16 million visitors.