The International Monetary Fund says President Trump’s tax reform will boost economic growth in the U.S. and around the world.“The long period of low interest rates has led to a buildup of potentially, potentially, serious financial sector vulnerability,” said Lagarde. “Policymakers should use these very circumstances to make the difficult structural and fiscal reforms that might not happen otherwise or that were too difficult in times of hardship.”
The IMF warned the next global economic crisis might be “closer than we think,” and every country must prepare for a downturn by boosting infrastructure investment and optimizing social spending.
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