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The IMF's Judgment Call on Fiscal Space
The spillovers on growth for the developing world from the US-China conflict and subsidies raised between Europe and US is very bad. The Bolivia's, the Sri Lanka's, the Pakistan's, lots of Central America, lots of South Asia, lots of Africa, they lose fiscal space. That doesn't mean the US doesn't have fiscal space but it means that there were more at risk than we've been for a long time.