IMF likes U.S. economic prospects

The International Monetary Fund is joining the chorus of organizations and experts who believe that the U.S. is rising from the recession faster than expected.

The agency predicts American Gross Domestic Product will drop by 2.5 percent this year, as opposed to the 2.8 percent it forecast earlier in the year. The IMF expects the U.S. economy to expand by 0.75 percent next year. Only two months ago it said growth would be non-existent.