MARRAKECH, Morocco, Oct 10 - The International Monetary Fund is carefully watching global bond market developments after a recent U.S. selloff, the fund's top economist said, adding that a tightening of financial conditions was among risks facing the global economy.
"It might just reflect the fact that there is more of it, and so the price is adjusting," he said in an interview about the IMF's quarterly global outlook update released on Tuesday in Marrakech, Morocco, during the annual IMF and World Bank meetings. Gourinchas said the IMF was encouraging the U.S. to ease fiscal spending, given that the economy was doing well, the COVID-19 pandemic had abated and the country was not at war.
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