IMF’s Lagarde: sees growth, trade benefits from US tax overhaul
|IMF Managing Director Christine Lagarde was out on the wires in the last minutes, with some comments on the recent US tax reforms and its effect on the US economy.
• Sees growth, trade benefits from US tax overhaul
• Tax cuts will boost US growth by about 1.2 pct points annually until about 2020
• Higher US debt, deficits will start to reduce growth from 2022
• US tax cuts may have an "overheating effect" on US economy, adding to inflation, rate hikes & capital outflows from EM
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