Efforts to stabilise the financial system could end up costing US taxpayers about 13.3 per cent of annual output, or $1,900bn, over the next five years, according to analysis by the International Monetary Fund.
The dollar estimate, calculated by the Financial Times, equates to about $6,200 (€4,650, ￡4,200) per head of the population.
The assessment is part of a research project that was updated for last weekend's IMF spring meeting. US officials yesterday challenged the methodology used in the analysis and said the cost estimate looked far too high.
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