The growth of the US government debt threatens both the US and the world economy, the International Monetary Fund (IMF) said. It noted that by 2032 it could exceed 140% of GDP.
The IMF pointed out that the US authorities increasingly urgently need to move to reduce public debt in relation to GDP.
“There is an urgent need to reverse the continued rise in the public debt-to-GDP ratio,” the document said.
It also said that aggressive US trade policies carry global risks.
“Under current policies, public debt is expected to grow steadily and exceed 140 per cent of GDP by 2032,” the fund said.
Recall, earlier the channel News Nation said that the residents of the United States have debts more than at any time in history. Today, the cost of living for the average American has increased by 14 per cent, and the total debt of American citizens has reached $ 17 trillion.
