IMF Says Stimulus Has Significantly Improved U.S. Growth Outlook

The US fiscal stimulus package agreed late last year and the Fed’s autumn decision to restart QE have significantly improved the outlook for growth, according to the IMF. Increasing its forecast for US 2011 growth by 0.7 percentage points to 3%, the fund credited the tax-cutting deal between President Obama and the outgoing Congress, which also extended unemployment insurance. – FT