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		</div><p>Donald Trump is likely to be good for the American economy in the short term, according to the head of the International Monetary Fund.</p>
<p>Christine Lagarde said the US president&#8217;s plans for additional investment in US infrastructure and his likely tax reforms will boost America&#8217;s economic fortunes.</p>
<p>However, she acknowledged that his policies will squeeze international markets.</p>
<p>&#8220;That&#8217;s a tightening that is going to be difficult on the global economy and for which economies have to prepare,&#8221; Ms Lagarde said during an event at the World Government Summit in Dubai.</p>
<p>Asked how the world missed Mr Trump&#8217;s rise and the UK&#8217;s vote to leave the EU, Ms Lagarde described a creeping, &#8220;insidious&#8221; push toward anti-globalisation and protectionist thought.</p>
<p>&#8220;We have been saying globalisation is great, international trade is great &#8211; and it is,&#8221; she said. &#8220;But we have not looked at those who were badly, negatively impacted.&#8221;</p>
<p>She blamed those negative impacts in part on the rise of robots taking jobs, as well as the shrinking gains of the global middle class.</p>
<p>Ms Lagarde cautiously sidestepped questions on her thoughts about Mr Trump being in the White House by saying &#8220;this is really a work in progress, there&#8217;s been of announcements, a lot of tweets, a lot of things being said&#8221;.</p>
<p>Still, she stressed the importance of data and facts in making decisions.<br />
&#8220;I know it&#8217;s not fashionable at the moment, but I think that facts, figures (and) actual assessment of the reality matter and that we have to be honest about it,&#8221; she said.</p>
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