Lagarde implores next US president to act fast on ‘fiscal cliff’

Christine Lagarde

The International Monetary Fund's (IMF) managing director, Christine Lagarde, has said whoever wins the US presidential elections held today (November 6) needs to quickly tackle the country's ‘fiscal cliff' during a speech at the conclusion of the G-20 meeting in Mexico City on November 5.

"Time is of the essence, and significant policy uncertainty in Washington must be addressed," Lagarde said, in a message to presidential contenders Barack Obama and Mitt Romney.

The term ‘fiscal cliff', coined

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