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Michael Zezas, an analyst at Morgan Stanley, also said the tax legislation would be a boon to the market in the short term, but may not be able to make fundamental changes. The current flattening of the us Treasury yield curve shows that the medium-term slowdown in the us economy and the recession of 2019 are not going away. A tax reform would widen the fiscal deficit, possibly in the future and exacerbate cyclical risks in the economy. Banks in USA vary working schedule than in India. In USA Monday through Friday is recognized as "Business day". This day of Monday is treated since the holiday which is assumed as weekends long events. Rest purchasing in India which includes holidays same works together with the USA. There are 10 US national 2010 bank holidays each year so the banks work according them. The international monetary fund has strongly defended its gloomy forecast of the UK after brexit, saying a warning of a slowdown in growth is imminent.