U.S. housing market recovery key to boosting growth: IMF - via Yahoo! News - Top Stories on 8/2/12

U.S. housing market recovery key to boosting growth: IMF - via Yahoo! News - Top Stories on 8/2/12

WASHINGTON (Reuters) - The International Monetary Fund said on Thursday it believes a recovery in the U.S. housing market is key to eventually boosting economic growth in the United States and bringing down the country's unemployment rate. The IMF's annual assessment of the U.S. economy released on Thursday forecast U.S. growth strengthening from current low levels of around 2.0 percent to about 3.4 percent by 2016 and 3.3 percent in 2017. "We know that over the next few years the formation of U.S. households and depreciation of the housing stock will imply there will be a need for about 1. ...

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