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The Boston Globe

Business

IMF: US economy improving but spending cuts a drag

WASHINGTON — The US economy is on sounder footing than it was a year ago but is still being restrained by government spending cuts and tax increases, the International Monetary Fund said Friday.

The IMF’s annual report on the US economy noted the underlying fundamentals are gradually improving: home prices and construction are rising, household finances have strengthened, and employers are steadily adding jobs.

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