A top IMF official called on the US to reduce its fiscal deficit and tackle its “ever-increasing” debt burden at a time of rising concerns about President Donald Trump’s plans for sweeping tax cuts.
“The US fiscal deficits are too large and they need to be brought down,” Gita Gopinath, the IMF’s first deputy managing director, told the Financial Times this week.
She also warned that the world’s biggest economy was still affected by “very elevated” trade policy uncertainty despite “positive developments”, such as the Trump administration dialling back tariffs on China.
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