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IMF Says US, China Debt Pose Risks for Global Public Finances [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding China Tells Iran Cooperation Will Last After Attack on Israel What If Fed Rate Hikes Are Actually Sparking US Economic Boom? Powell Signals Rate-Cut Delay After Run of Inflation Surprises Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs “In both economies, public debt is projected under current policies to nearly double by 2053,” the IMF said in its Fiscal Monitor, an overview of global public finance developments. “How these two economies manage their fiscal policies could therefore have profound effects on the global economy and pose significant risks for baseline fiscal projections in other economies.” Higher interest rates in the US make life difficult for many countries by strengthening the value of th
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