TOKYO- A senior International Monetary Fund official said on Tuesday that the world’s economy continues to strengthen on the back of investment and trade, with capital flows into emerging markets remained resilient and US tax reform expected to boost growth for a short term.
IMF Deputy Managing Director Mitsuhiro Furusawa said speaking on Tuesday in a high-level tax conference for Asian countries said the current positive outlook in the economy is the ideal opportunity for reforms that can boost potential output and build resilience in the economy, and ensure the benefits of growth are shared more widely.
He said, “This will require strategies to ensure fiscal sustainability and financial resilience.”
He did however did not say mention the US trade policies which has caused some uneasiness in the markets, with China and US on the brink of a full blown trade war, that could see the global market collapse.
Photo Credit- wbur.org
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