Trump's economic plans could cause inflation: IMF chief economist
Donald Trump's economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect returns to the White House.
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Trump's proposals to hike tariffs and curtail immigration would likely constrain the supply side of the economy and push up prices, Gourinchas said in an interview.
Other proposals the president-elect has floated, such as cutting red tape and taxes, could also fuel inflation by boosting demand, he added.
«The bottom line is, when we look at the risk for the US, we see an upside risk on inflation,» he said.
Gourinchas spoke to AFP at the IMF's headquarters in Washington, a day before the publication of its key World Economic Outlook (WEO) report on Friday.
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