Oct. 3 (Bloomberg) -- International Monetary Fund Deputy Managing Director Min Zhu said he sees “little progress” in fiscal adjustment in the U.S. and Japan.
A sharp withdrawl of fiscal stimulus in the U.S. “could be risky” at a time when risks to growth are significant, Zhu said in a speech in Tokyo today, according to a transcript on the IMF’s website. Adopting a medium-term fiscal adjustment strategy in the U.S. “would be more consistent with the uncertain growth outlook,” he said.
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