IMF’s Lipsky does not see double-dip U.S. recession

JACKSON HOLE, Aug 26 (BestGrowthStock) – A top International
Monetary Fund official said on Thursday strong corporate
profits and moderate income growth should prevent the U.S.
economy from slipping into a new recession.

“The base case remains most likely the continuation of a
moderate recovery, emphasis on the moderate,” John Lipsky, the
IMF’s first deputy managing director, told Reuters Insider on
the sidelines of the Fed’s annual gathering in Jackson Hole.
(Reporting by Pedro Nicolaci da Costa; Editing by Gary Hill)

IMF’s Lipsky does not see double-dip U.S. recession