NEGATIVE CONSEQUENCES FOR GLOBE
Economy under Trump will be strong, says IMF’s Christine Lagarde
The IMF chief predicts tax reform and more investment in infrastructure are both likely under Donald Trump
Dubai — The IMF chief Christine Lagarde on Sunday voiced optimism for US economic growth under President Donald Trump but warned it could herald trouble for the rest of the world. "From the little we know, and I will insist on the little we know, because this is really work in progress ... but from the little we hear, we have reasons to be optimistic about economic growth in the US," Lagarde said at the annual World Government Summit in Dubai. Lagarde predicted tax reform and more investment in infrastructure were both likely under Trump, whose Thursday teaser of fresh tax cut proposals pushed Wall Street stocks to new records. The Dow, Nasdaq and S&P 500 all closed up 0.6% on Thursday after he promised a "phenomenal" tax cut plan would be unveiled within two or three weeks. Yet the IMF chief did not mince words in raising concern over the global repercussions of a boon in the US economy. "Now that’s the good news," Lagarde said. "The more worrying news, if you will, is that it will...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.