Forecast suggests economic growth alone is insufficient to curb US debt
- 1The Congressional Budget Office director said faster economic growth will be difficult to curb US debt.
- 2Swagel presented an estimated required nominal GDP growth rate of 7%-8% assuming interest rates of 4%-5%.
- 3Treasury Secretary Scott Bessent said last month that 3% growth would be enough to overcome the debt issue.
So what's the key point?
Opinions have emerged that the economy must grow very quickly to reduce US debt. Experts see a need for growth of around 7% to 8%.
Source Fortune · View original ↗
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