Kristalina Georgieva says economic growth cannot deliver the necessary fiscal adjustment fast enough, as the US national debt hits a record $40.3tn and the Treasury pushes back on the IMF’s forecasting record.
Kristalina Georgieva says economic growth cannot deliver the necessary fiscal adjustment fast enough, as the US national debt hits a record $40.3tn and the Treasury pushes back on the IMF’s forecasting record.
Calling this news is an insult to arithmetic. $40 trillion didn’t appear overnight, and growth was never a magic wand.