Major US stimulus would boost US, global economies: IMF official

Washington (AFP) – Another major US stimulus package would drive a big jump in US growth but also would help boost the pandemic-ravaged global economy, the IMF’s chief economist told AFP on Tuesday.Gita Gopinath said in an interview that a US rescue package on the order of the $2.2 trillion CARES Act approved in March would increase growth in the world’s biggest economy by two percentage points next year, over the 3.1 percent GDP rise currently forecast.The IMF released its latest World Economic Outlook on Tuesday which sees the global economy contracting 4.4 percent this year and rebounding b…

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HEDGE accordingly