Economic news
IMF says US needs to tackle debt despite robust growth
2024.06.27 15:20
WASHINGTON (Reuters) – The International Monetary Fund on Thursday called on the U.S. to raise taxes to curb rising debt levels while applauding “robust, dynamic” growth in the world’s largest economy and progress towards bringing inflation under control.
The IMF said in a closing statement for its “Article IV” review of U.S. economic policies that high deficits and debt “create a growing risk to the U.S. and global economy, potentially feeding into higher fiscal financing costs and a growing risk to the smooth rollover of maturing obligations.”
The IMF’s statement slightly revised down its 2024 U.S. GDP growth forecast to 2.6% from the 2.7% forecast in the global lender’s World Economic Outlook in April.
