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Back|IMF warns: growth will not be enough to reduce US debt
IMF warns: growth will not be enough to reduce US debt
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ANSA Economia·1 hour ago·Business·1 min read·🇮🇹Italy·

IMF warns: growth will not be enough to reduce US debt

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According to the director general of the IMF, Kristalina Georgieva, the United States will not be able to reduce its debt by over 40,000 billion by relying only on economic growth, but budgetary measures will be needed.

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The United States public debt has exceeded 40 trillion dollars.

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The United States will not be able to reduce the debt, amounting to over 40,000 billion dollars, by focusing only on economic growth: a budget adjustment will be needed for the sustainability of the enormous deficit.

The director general of the IMF, Kristalina Georgieva, said this during meetings in Bangkok. "The authorities are relying heavily on strong growth in the US" to reduce debt, Goergieva said. "At the Fund we believe that growth will naturally help, but it will not be able to produce the necessary adjustment quickly enough. Budgetary measures will therefore be needed."

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  • ?What specific fiscal measures will the United States take?

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This article was originally published by ANSA Economia.

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According to the director general of the IMF, Kristalina Georgieva, the United States will not be able to reduce its debt by over 40,000 billion by relying only on economic growth, but budgetary measures will be needed.

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