Reported about 1 year ago
A former IMF official warns that even if the U.S. avoids the worst-case scenarios, the growing debt and its servicing costs could eventually slow down economic growth and make the burden unsustainable. With public debt already at 100% of GDP and projected to rise further, the U.S. must ensure it can manage the rising debt burden and interest costs to prevent negative implications for economic growth. The warning comes amid concerns raised by various commentators about the potential impact of debt on the country's economic sustainability and growth.
Source: YAHOO