The International Monetary Fund (IMF), based on the results of its annual review of the US economy based on Article 4 of its charter, published a report on Thursday, June 27, in which it called on the United States authorities to immediately stop the government’s measures against GDP. the continuous growth of the debt ratio, which may exceed 140% by 2032, the media reports.
In particular, it is said in the document published by the IMF. “It is urgently necessary to stop the continuous growth of the ratio of state debt to GDP. In the medium term, the fiscal deficit and public debt to GDP are projected to be significantly higher than pre-pandemic projections. In particular, under the current policy conditions, the public debt is expected to grow steadily and exceed 140% of GDP in 2032. These high fiscal deficits and debt pose increasing risks to both the US and global economies. This problem requires an urgent solution.”
“Tariff and non-tariff barriers are not the right solutions because they distort trade and investment flows and risk creating a slippery slope that undermines the multilateral trading system. Through its actions, the United States is fragmenting global supply chains and encouraging retaliation by trading partners,” the world’s largest financial institution also added.
