Jan. 22 (UPI) -- The International Monetary Fund's World Economic Outlook, released on Monday, says tax cuts in the United States will improve U.S. investment and help its trading partners.
The Washington-based IMF revised its global forecast upward, to 3.9 percent for both 2018 and 2019, a 0.2 percent improvement from its October prediction. It cited the new U.S. tax package, which while increasing the deficit, cuts corporate tax rates from 39 to 21 percent and reduces some individuals' tax payments.