David Lipton News
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U.S. economic growth would reach as much as 4 percent if it weren’t held back by an underperforming government sector, said David Lipton, the First Deputy Managing Director of the International Monetary Fund.
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Sliding prices for the commodities that have underpinned Africa’s expansion for more than a decade are threatening to check economic progress in the world’s poorest continent.
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Anti-austerity fever is sweeping Europe as policy makers decide the way to get from crisis to growth involves higher spending. Well, not so fast.
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Italy’s bonds fell for a second day as Pacific Investment Management Co. said it lowered its holdings, fueling bets a rally that took 10-year yields below 4 percent for the first time since November 2010 was excessive.
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International tax evasion is likely to be a bigger focus this year under Russia’s Group of 20 presidency, International Monetary Fund First Deputy Managing Director David Lipton said.
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The International Monetary Fund’s No. 2 official urged policy makers to clean up banks and strengthen oversight of their financial systems or risk stalling a recent rally in global markets.
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International Monetary Fund Deputy Managing Director David Lipton said the world faces the danger of a renewed downturn if officials in the U.S. and Europe don’t succeed in “careful policy steering” to avoid that outcome.
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David Lipton, the International Monetary Fund’s No. 2 official, today urged “pan-European” banking supervision while saying euro-area risk-sharing in the form of euro bonds is premature.
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David Lipton, the International Monetary Fund’s No. 2 official, said the global economic recovery remains “very rocky” while the Federal Reserve still has further tools to use as needed.
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Christine Lagarde chose David Lipton, an adviser to President Barack Obama and a former U.S. Treasury Department official in the Clinton administration, to be her top deputy at the International Monetary Fund.
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