La­garde un­cer­tain on US poli­cies

The Star Early Edition - - BUSINESS REPORT - Sput­nik

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.

PHOTO: REUTERS

In­ter­na­tional Mon­e­tary Fund man­ag­ing direc­tor Chris­tine La­garde is in the dark.

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