IMF’s Lagarde: sees growth, trade benefits from US tax overhaul

IMF Managing Director Christine Lagarde was out on the wires in the last minutes, with some comments on the recent US tax reforms and its effect on the US economy.

   •  Sees growth, trade benefits from US tax overhaul
   •  Tax cuts will boost US growth by about 1.2 pct points annually until about 2020
   •  Higher US debt, deficits will start to reduce growth from 2022
   •  US tax cuts may have an "overheating effect" on US economy, adding to inflation, rate hikes & capital outflows from EM