IMF warns US about unsustainable spending and debt due to Covid stimulus.

The International Monetary Fund (IMF) has issued a strong warning to the US over its spending and ballooning debt. The IMF's annual World Economic Outlook report stated that the US's recent economic growth is partly due to an unsustainable fiscal policy. Washington's overspending, driven by Covid-related stimulus, infrastructure investments, and clean energy initiatives, risks rekindling inflation and undermining global financial stability.

April 16, 2024
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