Prospect debt default order by failure to raise the United States debt The roof will have “very serious repercussions” for Country economy as well as global economyincluding potential higher The International Monetary Fund has warned of borrowing costs on Thursday.
International Monetary Fund spokeswoman Julie Kozak also A said news A briefing that the authorities need to remain vigilant on new vulnerabilities in The US banking sector, incl in Regional banks, which can appear in Modification to a large extent higher interest rate environment.
Kozak said the IMF cannot immediately quantify the impact of a default in the United States on global growth.
box in April forecast global gross domestic product (GDP) growth at 2.8% for 2023, but he said it more deeply financial market disturbances marked by a sharp contraction in asset Sharp prices and discounts in bank Lending, can criticize the output growth back to 1%.
But she said higher Interest rates can be one result of US default and some broader instability in the global economy.
“we will want to avoid Such serious implications, Cusack said for that reasonwe again They call on everyone of parties to meet and reach consensus and resolve matter as quickly as possible possible. “
Detailed conversations on Raise the United States government31.4 trillion dollars debt Kick the roof off on Wednesday with Republicans continue to insist on Spending cuts, a day after Democratic President Joe Biden and ranking Republican Representative Kevin McCarthy met on the issue for the first time in Three months.
US Treasury Secretary Janet Yellen warned that a default on US payments could come as early as June 1 if Congress fails to raise the borrowing cap.
regarding disturbances in In the US banking sector, Kozak said the IMF welcomed the “decisive” actions by regulators and policy Makers to contain failures of Three major regional lenders in the United States in recent weeks.
Kozak added that fund will soon Conducting “Article IV” annually review of US economic policies, this assessment, will eventually be issued of May, will analyze the effect of stress on Regional banks, including any tightening of credit terms.
