IMF’s Christine Lagarde highlighted the strength of the dollar against other currencies, predicting a hike in interest rates regulated by the Federal Reserve. Photo: ReutersDubai: International Monetary Fund (IMF )chief Christine Lagarde on Sunday voiced optimism for US economic growth under President Donald Trump but warned it could herald trouble for the rest of the world. “That’s a tightening that will be difficult on the global economy and for which economies will have to prepare,” said Lagarde. The two organisations are expected to announce clearer forecasts at the World Economic Outlook in April. A broader 5% value-added tax is slotted to take effect across the Gulf on 1 January 2018.

Source: Mint February 12, 2017 14:22 UTC