IMF spokesman Gerry Rice told a regular news briefing that the Fund’s preliminary forecasts show the American Rescue Plan Act passed on Wednesday would boost U.S. GDP output by 5% to 6% over three years, but more analysis is needed to reach a final estimate. But exceptionally low dollar funding costs mean there is a risk of a sudden tightening of financial conditions, and this “should be carefully managed,” Rice added.
Source: Economy - investing.com
