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2023-10-12 Economy
IMF: US national debt will rise to 123.3% of GDP in 2023
Direct Translation via Google Translate. Edited.
[Regnum] The public debt of the United States in 2023 will grow to 123.3% of GDP, according to a report by the International Monetary Fund (IMF).

According to the IMF forecast, in 2024 the US national debt will increase to 126.9% of GDP, and in the future it will continue to increase and by 2028 will reach 137.5% of GDP.

For 2022, the IMF estimated the level of public debt of the United States at 121.3% of GDP.

As Regnum reported , according to the US Treasury Department, the country's national debt has grown by half a trillion dollars in less than a month since it reached a new historical high of $33 trillion.

The growth of the US national debt is not only dangerous, but has actually already doomed its economy to inevitable default on the horizon of the next 10 years, says the director of the Federal Methodological Center for Financial Literacy, Associate Professor of the Department of Global Financial Markets and Fintech at the Russian Economic University. G. V. Plekhanova Denis Perepelitsa.
As long predicted. If we could just stop Congress from madly spending on everything, we could fix it with a short, sharp shock....that would crash the entire world.

Posted by badanov 2023-10-12 00:00|| || Front Page|| [11138 views ]  Top

#1 Severe debt burdens thwarting progress on climate and poverty, says World Bank

“Developing countries need another major round of debt cancellation”

Maybe if we stopped giving our shit away...
Posted by Skidmark 2023-10-12 12:10||   2023-10-12 12:10|| Front Page Top

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