IMF Calls for US to Cut Deficits Amid Bond Woes
The IMF said delays will make debt reduction harder as borrowing costs rise, while Kristalina Georgieva urged China to shift toward domestic consumption.
- On Wednesday, IMF Managing Director Kristalina Georgieva urged the U.S. to implement specific fiscal measures, warning that relying solely on economic growth to tame deficits is insufficient.
- Skipping the Bangkok meetings for domestic engagements, Treasury Secretary Scott Bessent argued that sustained 3% growth and spending restraint will bend the debt-to-GDP curve.
- According to IMF forecasts, U.S. gross government debt is projected to reach 142% of GDP by 2031, while the deficit is expected to top 6% of GDP this year.
- To address global imbalances, Georgieva advised Beijing to pivot from export-led growth toward domestic consumption, while the U.S. must save more and Europe needs to invest in competitiveness.
- Georgieva warned that advanced economies are the 'worst offenders' on debt, as rising benchmark yields squeeze low-income countries lacking fiscal room during the artificial intelligence boom.
25 Articles
25 Articles
The United States will not be able to reduce its growing public debt only through economic growth, without adjustments in taxes or spending, while China needs to gradually abandon its export-based growth model for greater domestic consumption, said Wednesday (14) Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. Read also: Interests press public accounts and demand country action, says IMF IMF cuts growth projecti…
IMF Urges U.S. to Cut Deficits as Bond Yields Surge, Tells China to Move Away From Export-Led Growth
Managing Director Kristalina Georgieva said the United States and China must address structural imbalances that are putting increasing pressure on global financial markets.
'Spend, Save, invest...': IMF Chief big message to China, US, Europe amid global uncertainty
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said global economic imbalances widened to 0.7% of GDP in 2025, with China and the United States being the biggest contributors.Speaking at a press briefing during the IMF's 2026 Annual Meetings in Bangkok, Georgieva urged China to shift its growth model from exports toward domestic consumption, while calling on the US to reduce its debt and budget deficit. She also said Eu…
IMF calls for US to cut deficits amid bond woes, China to shift away from exports - Regional Media News
By David Lawder BANGKOK, Oct 14 (Reuters) - The United States cannot grow its way out of mounting public debt without tax or spending adjustments, while China must pivot from export-led growth towards more domestic consumption, International Monetary Fund Managing Director Kristalina Georgieva said on [...]
IMF calls for US to cut deficits amid bond woes
The US cannot grow its way out of mounting public debt without tax or spending adjustments, while China must pivot from export-led growth towards more domestic consumption, International Monetary Fund Managing Director Kristalina Georgieva said today.
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