✉news BusinessEconomy first seen 1 d ago, last 3 h ago, peak #1
Economists doubt growth alone can fix U.S. debt problem
Original: It's 'probably not plausible' that a strong economy can steady U.S. debt as 5%-6% growth is needed
Economists say it is 'probably not plausible' that strong economic growth alone can stabilize the U.S. national debt. For growth to outpace borrowing and steady the debt burden, the economy would need to expand at roughly 5% to 6% a year, a pace far above the typical U.S. rate of around 2%. The warning adds to concern over America's rising deficits.
Why now: Rising U.S. debt levels and deficits are fueling debate over whether the economy can grow its way out of the problem.
United StatesU.S. national debtFortune
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- It's 'probably not plausible' that a strong economy can steady U.S. debt as 5%-6% growth is needed · Fortune
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