The International Monetary Fund (IMF) has revised global growth forecasts for 2018 and 2019 upwards, saying the revision is partly due to the recently approved overhaul of the U.S. tax system under President Trump…global growth forecasts for 2018 and 2019 have both been revised upward by 0.2 percentage points to 3.9%. “The revision reflects increased global growth momentum and the expected impact of the recently approved U.S. tax policy changes,” the IMF said in its World Economic Outlook report published this morning ahead of the World Economic Forum in Davos, Switzerland…the IMF says the tax changes are expected to stimulate activity “with the short-term impact in the United States mostly driven by the investment response to the corporate income tax cuts”…




Leave a Reply

Your email address will not be published. Required fields are marked *