IMF Warns: U.S. Economic Growth Cannot Quickly Resolve Debt and Deficit Problems

PANews reported on October 14 that the International Monetary Fund (IMF) said U.S. economic growth is not enough to quickly resolve the expanding government debt and fiscal deficit problems, and that the United States needs to take other measures to improve its fiscal situation. The institution believes that although higher economic growth helps improve debt burden indicators, relying on growth alone may not be enough to offset the pressure from high deficits, high interest expenses, and the growing scale of debt.