The International Monetary Fund (IMF) has cut its US economic growth forecast for 2002 to 2.2 per cent and for 2003 to 2.6 per cent, German financial newspaper Börsen-Zeitung said in its edition to appear today, citing an internal IMF economic forecast.

The IMF had said on Monday that it expected to cut its US economic growth forecasts as the plunging stock market raised a new threat to the country's recovery, although it did not say by how much it would revise its estimates.

IMF staff had envisaged real gross domestic product rising from 2.5 per cent in 2002 to about 3.25 per cent in 2003, the IMF said. - (AFP)