Lagarde uncertain on US policies
MANAGING director of the International Monetary Fund Christine Lagarde expressed doubt yesterday whether US president-elect Donald Trump has a clear plan of the economic policies he is going to pursue.
“I don’t want to comment on the possible outcome of the policies by (the) president-elect. Because we do not really know what these policies are going to be. We have very little of detailed information as to what the plan will be, if there is such thing as a plan,” Lagarde said at a session at the World Economic Forum meeting in Davos.
During the 2016 election Trump promised to bring manufacturing sector jobs back to the US. One of the pillars of his economic platform is reduction of taxes to give an impetus to economic growth and tackle existing economic problems. He has also vowed to withdraw the US from the Trans-Pacific Partnership deal within the first 100 days of his presidency and impose tariffs on products from China.
International Monetary Fund managing director Christine Lagarde is in the dark.