Overview

• The US debt-to-GDP ratio is projected to rise to 140% by 2032, up from the current 120.7%.
• IMF suggests raising taxes on incomes below $400,000 and reforming entitlement programs.
• The US economy is praised for exceeding pre-pandemic GDP levels and maintaining strong growth.
• High deficits and debt levels are cited as risks to both the US and global economies.
• The IMF recommends avoiding trade tariffs and resolving trade issues through negotiations.