Trump tax cuts lift world economy

Original article by Ben Packham
The Australian – Page: 1 & 2 : 23-Jan-18

The International Monetary Fund forecasts that the global economy will grow by 3.9 per cent in 2018 and at a similar pace in 2019. The global economy grew by 3.7 per cent in 2017. The IMF has also used its latest world economic outlook report to upgrade its forecast for US economic growth in 2018 by 0.4 per cent, to 2.7 per cent, citing the likely impact of the Trump administration’s company tax reforms. Treasurer Scott Morrison says the IMF’s forecasts emphasise the need for Australia’s company tax rate to be reduced to ensure that the nation remains internationally competitive.

CORPORATES
INTERNATIONAL MONETARY FUND, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, WESTPAC BANKING CORPORATION – ASX WBC, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH

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