By Star Online: Business
5 July 2012
WASHINGTON: The International Monetary Fund (IMF) on Tuesday urged the United States to quickly remove the uncertainty over the path of fiscal policy, which is set to tighten abruptly at the start of next year without congressional action.
IMF managing director Christine Lagarde warned that just the threat of the “fiscal cliff” could weaken US economic growth later this year and she called for action to address it sooner rather than later.
