April 10, 2018 / 12:35 AM / 10 days ago

IMF's Furusawa: global economy strengthening on investment, trade

TOKYO (Reuters) - The global economy continues to strengthen on the back of investment and trade, with capital flows to emerging markets remaining resilient and U.S. tax reform expected to boost growth temporarily, a senior International Monetary Fund official said.

FILE PHOTO: IMF Deputy Managing Director Mitsuhiro Furusawa speaks during an interview with Reuters at Asian Development Bank (ADB)'s annual meeting in Yokohama, south of Tokyo, Japan May 5, 2017. REUTERS/Issei Kato

The current upswing provides an ideal opportunity for reforms to boost potential output, build resilience, and ensure the benefits of growth are shared more widely, IMF Deputy Managing Director Mitsuhiro Furusawa said in a speech on Tuesday.

“This will require strategies to ensure fiscal sustainability and financial resilience,” Furusawa said at high-level tax conference for Asian countries.

He made no mention of U.S. trade policy.

Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim

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