China should refrain from rolling out more stimulus to boost economic growth and continue to implement changes to curb dangers from shadow banking and local government debt, the International Monetary Fund said.
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.
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.
The International Monetary Fund may upgrade its growth forecast for Japan, although the nation must start fiscal and structural reforms in 2014, IMF First Deputy Managing Director David Lipton was cited as saying in an interview in the Financial Times.
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.