(Reuters) - WASHINGTON, April 4 - The U.S. economic slowdown is still being driven largely by a cooling housing market, but any spillover into the rest of the world should be limited as European economies are strengthening, the International Monetary Fund said on Wednesday.
However, if the downturn in the U.S. housing market spreads to consumer spending and business investment, then larger cross-border repercussions can be expected, the IMF said in initial chapters of its semi-annual World Economic Outlook, due to be released in full on April 11.
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