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Barry Eichengreen: America’s Debt Is Both Sustainable and a Problem



LONDON – Readers of the IMF's latest annual review of the US economy will be startled to learn that, in the Fund's estimation, US government debt is on a sustainable path. That assessment makes sense – but it is only as good as the assumptions that underpin it.

One of the more amusing exercises on the economic calendar is the International Monetary Fund's annual review of the United States. Yet while everyone knows that the US government pays absolutely no heed to what the IMF has to say about its affairs, the Fund's most recent Article IV review of the US economy is striking for one unexpected finding. Readers will be startled to learn that, in the IMF's estimation, US government debt is on a sustainable path.


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Posted: June 11, 2024 Tuesday 04:07 AM