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IMF warns of 'intensified' risks to public finances amid US trade war

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Donald Trump's tariff plans have increased the risks to public finances, the International Monetary Fund said Wednesday, warning countries to get their spending plans under control and prepare for "sharper"
The International Monetary Fund (IMF) has issued a warning about the escalating risks to public finances due to the ongoing U.S.-China trade war, as reported by KTBS on October 10, 2019. The IMF highlighted that the trade conflict is contributing to a slowdown in global economic growth, which in turn is straining public finances. The organization pointed out that countries are facing increased debt levels and reduced fiscal space, making it more challenging to respond to economic downturns. The IMF urged nations to implement sound fiscal policies and to be prepared for potential further economic shocks resulting from the trade tensions.

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