IMF Webcasts IMF Webcast: Press Conference on the United States Article IV Mission Concluding Statement Friday, June 22, 2007   9:30 AM

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	Sound Bites: U.S. authorities expect a "soft landing" in 2007 with annual growth of 2% this year... Risks also exist to inflation: oil, commodity and possible labor cost pressures... Rapid innovation has been key to U.S. economic success and easy funding of current account deficit... Turning to fiscal policy, a surge in revenues from corporate taxes and capital gains has helped shrink the deficit faster than expected... Turning to the U.S. current account deficit, we anticipate that deficits in the order of 6 percent of GDP will continue for some time.
Speaker(s):
John Lipsky, First Deputy Managing Director, IMF