IMF Warns Economic Growth Alone Cannot Resolve U.S. Debt Burden
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IMF: US can’t grow its way out of $1T interest bill - The Daily Bo Snerdley
(The Center Square) – The United States cannot grow its way out of a debt load costing taxpayers more than $1 trillion a year in interest, the International Monetary Fund said Wednesday. Managing Director Kristalina Georgieva told reporters at the Fund’s annual meetings in Bangkok that growth “cannot deliver fast enough the necessary adjustment” and that “some measures will be necessary.” In her opening remarks she told policymakers generally …
IMF Warns Economic Growth Alone Cannot Resolve U.S. Debt Burden
WASHINGTON, D.C. – The United States cannot grow its way out of a debt load costing taxpayers more than $1 trillion a year in interest, the International Monetary Fund said Wednesday. Managing Director Kristalina Georgieva told reporters
Bangkok: International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that US Treasury Secretary Scott Bisent's plan to boost economic growth as a way to address mounting public debt and fiscal deficits will not work quickly. Bloomberg News quoted Georgieva as saying, "The authorities are relying too heavily on strong US growth... Of course, growth helps, but it doesn't solve the problem."
The head of the International Monetary Fund called on Treasury Secretary Scott Bessant to reduce the deficit, warning that his plan to rely on growth to control the US… “Bessant” IMF “Bell” for the US: Bessant’s plan for growth, deficit and debt “is not enough” - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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