U.S. President Donald Trump’s sweeping tax cuts combined with reforms in corporate regulation are benefiting the global economy, Australian Prime Minister Malcolm Turnbull said.
Mr. Turnbull pointed to the International Monetary Fund’s strong predictions of global economic growth in the wake of the Trump tax cuts as testament to his economic drive.
Speaking during a radio interview, Mr. Turnbull happily declared: “Donald Trump is delivering on economic leadership, that’s for sure” before outlining his own close personal relationship with the president.
“You’ve only got to look at the IMF to see they regard the American tax cuts as being very pro-growth,” he said. “And, of course, because the US is such a big part of the global economy, that has lifted global growth forecasts as well.