The Currency Scene:
News, Events, and Stories about currency from around the world.

YOGYAKARTA, Indonesia (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Thursday she sees positive and negative effects from a “complicated” U.S. tax overhaul, including a near-term growth bump that risks overheating the U.S. economy and a problematic rise in debt.

Lagarde told Reuters in an interview on Thursday that tax cuts can lift the U.S. growth rate by about 1.2 percentage points annually, and that should will help boost global growth and trade for at least a few years.

“To the extent that growth is higher in the U.S. and because the U.S. is a very open economy, it will probably increase the demand from the U.S. to the other economies around the world, and that’s also a positive,” Lagarde said during a week-long trip to Indonesia.

Reporting by David Lawder; Editing by Richard Borsuk

Our Standards:The Thomson Reuters Trust Principles.[1]


  1. ^ The Thomson Reuters Trust Principles. (

Read more from our friends at Reuters:

Pin It

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

Visit the CurrenScene Media Page