WASHINGTON - The International Monetary Fund on Thursday called on the U.S. to raise taxes to curb rising debt levels while applauding"robust, dynamic" growth in the world's largest economy and progress towards bringing inflation under control.
The IMF said in a closing statement for its"Article IV" review of U.S. economic policies that high deficits and debt"create a growing risk to the U.S. and global economy, potentially feeding into higher fiscal financing costs and a growing risk to the smooth rollover of maturing obligations." The IMF's statement slightly revised down its 2024 U.S. GDP growth forecast to 2.6% from the 2.7% forecast in the global lender's World Economic Outlook in April.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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