IMF chief sees growth, overheating, debt risks from US tax cuts
Yogyakarta
INTERNATIONAL Monetary Fund managing director Christine Lagarde said she saw positive and negative effects from a "complicated" US tax overhaul, including a near-term growth bump that risks overheating the US economy and a problematic rise in debt.
She told Reuters on Thursday that tax cuts can lift the US growth rate by about 1.2 percentage points over the three years through 2020, which should help boost global growth and trade for at least a few years.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Hong Kong faces uphill battle to lure back Chinese tourists
Weak yen boosts tourist wallets in Japan
Gas prices are putting Washington’s boldest climate policy at risk
India collects record 2.10 trillion rupees as goods and services tax in April
China travel surges for May holiday but consumers remain wary
Macau casinos remain resilient in April as consumers seek fun