The head of the International Monetary Fund (IMF), Kristalina Georgieva, urged US authorities not to delay the resolution of a possible default issue. His words are quotes area IMF.
Georgieva noted that the US Treasury market is still the anchor of global market stability and if it defaults, the global economy will be in an unstable position.
According to the head of the IMF, a solution will be found, but it is a shame that “the problem to be solved is in the hands of politicians who keep putting it off until midnight”. The economist compared the situation to the fairy tale about Cinderella and pointed to the imminence of the moment when “the car will turn into a pumpkin.”
formerly Bloomberg reportedIt was reported that the amount of funds that the US Treasury Department (MoF) can use to cover the increasing public debt until the end of May of this year has reached the lowest level in the last six years since 2017. Therefore, the country’s authorities become unable to pay their debt obligations.
Prior to that, the RIA Novosti agency cited a report by the White House Council of Economic Advisers. transmittedthat if the national debt defaults, the US stock market will crash by 45%. Moreover, in such a scenario, the volume of gross domestic product (GDP) would decrease by 6.1% and 8.3 million people would lose their jobs.
Source: Gazeta
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