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IMF: Growth won't fix US debt
Referring to the plan of U.S. Treasury Secretary Scott Bessent, International Monetary Fund (IMF) Managing Director Kristalina Georgieva believes that relying solely on economic growth will not effectively accelerate the resolution of the U.S. debt crisis. She stated that financial measures are necessary to quickly reduce debt levels and deficits, especially with the rising U.S. public debt approaching unprecedented levels, which increases global borrowing costs. Meanwhile, officials like Bessent are betting on GDP growth exceeding 3% to achieve the necessary reduction in public debt.
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