Speaking on the sidelines at the IMF and World Bank annual meeting today
Comments from International Monetary Fund Chief economist Maurice Obstfeld
- Said he has an 'optimistic' Brexit outlook for tariff-free trade in goods, financial services favourable to the UK
He had wider ranging remarks also:
- says growth has reached plateau, but is more uneven among countries
- concerned about higher levels of public debts and lower interest rates leaving less room to deal with downturn
- continues to recommend that china focus on quality and sustainability of growth, not quantity of growth
- China should balance actions to support growth with need to maintain financial stability
- says not worried about Chinese yuan depreciation, not a problem for Chinese government to defend its currency
Earlier from the IMF:
