IMF's Gopinath says high U.S. demand fueling growth, higher interest rates
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The United States needs to raise revenues to bring down high budget deficits even though they are helping to fuel global growth by stoking domestic U.S. demand, according to International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath. Gopinath stated that U.S. deficits are projected to rise for years with one of the world's steepest curves for debt. While the deficits are supporting growth and demand in the U.S., they are also leading to higher interest rates and a stronger dollar, which are creating complications for the rest of the world.

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https://www.investing.com/news/economy/imfs-gopinath-says-high-us-demand-fueling-growth-higher-interest-rates-3387530