Former IMF official warns US debt may threaten economic growth, reaching 166% of GDP by 2054.

Former IMF official warns that US debt could threaten economic growth, even if worst-case scenarios are avoided. Ballooning debt and servicing costs may eventually slow growth and make the burden unsustainable. US debt at 100% of GDP is projected to reach 166% by 2054, but Japan's debt management suggests an advanced economy borrowing in its own currency can handle debt.

June 15, 2024
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