Comments from the IMF chief economist

  • Too soon to say whether the US and China will pull down the next set of global forecasts
  • China expected to be slower because of "pretty energetic" measures to slowdown credit growth
  • US economy has been "splutter" rather than fundamental change in trajectory
  • Japan and Eurozone have been better than expected in April forecasts
  • Hard to say what will happen with US fiscal policy and its effects

We'll get some more clues on the US economy in a few minutes with GDP and durable goods orders.