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IMF warns of 'intensified' risks to outlook for public finances

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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" trade-offs.
The International Monetary Fund (IMF) has issued a warning about the increasing risks to the global economic outlook and public finances, as detailed in an article on Legit.ng dated May 10, 2024. The IMF's caution stems from ongoing global economic uncertainties, including geopolitical tensions and the potential for financial market volatility. The organization emphasizes the need for countries to enhance their fiscal resilience by improving debt management and strengthening financial systems. The IMF also highlights the importance of international cooperation to address these challenges effectively, suggesting that coordinated policy actions could mitigate the risks and support a more stable economic environment.

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[ https://www.legit.ng/business-economy/economy/1651541-imf-warns-intensified-risks-outlook-public-finances/ ]