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https://www.wsj.com/articles/bank-volatility-to-cut-u-s-gdp-imf-expects-6c043526

Bank Volatility to Cut U.S. Economic Growth, IMF Says

Tighter lending expected to shave 0.44 percentage point off U.S. GDP in 2023, organization says

Photo: Samuel Corum/Bloomberg via Getty Images

By Andrew Duehren

and Yuka Hayashi

Updated April 11, 2023 2:49 pm ET

WASHINGTON—Tighter bank lending prompted by the recent failure of two midsize American banks will slow U.S. economic growth this year, the International Monetary Fund estimated, warning that rising interest rates pose a threat to the global financial system.

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