Reported 12 months ago
The International Monetary Fund (IMF) urged the U.S. to increase taxes to control escalating debt levels while acknowledging the robust growth of the economy and progress in managing inflation. The IMF highlighted the risks associated with high deficits and debt, forecasting a dip in U.S. growth in 2025. Despite the economy's strength, the IMF recommended measures like progressive tax increases and entitlement program reforms to mitigate the rising debt-to-GDP ratio, reaching concerning levels by the end of the decade.
Source: YAHOO