US Treasury Advisor Calls for IMF to Review Its Own Forecast Record Amid Criticism of US Fiscal Policy
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View chart & analysis → - 1David Zobos, an advisor to the Treasury Secretary, said the IMF should review its own forecast record before criticizing US fiscal policy.
- 2IMF Managing Director Kristalina Georgieva warned that strong US economic growth is not enough to put the $40 trillion US government debt on a sustainable path.
- 3Global debt servicing costs reached $365 trillion in the first half of this year, with several economic institutions issuing warnings about rising debt costs.
So what's the key point?
A US Treasury advisor told the IMF to check if its own predictions are accurate before criticizing US economic policy. The IMF warned that US government debt has reached $40 trillion and that economic growth alone may not be enough to resolve the issue.
Source CNBC · View original ↗
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