A recent spike in energy prices benefited the US economy but harmed Europe, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday.
"[The] US has benefited from more favorable conditions in terms of energy prices, something that has been quite a serious factor for Europe, not a positive factor for Europe," Georgieva told reporters, when asked why the US economy is doing better than Europe's.
An influx of foreign labor force also helps the US economy, despite creating domestic migration issues, the IMF chief added.
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