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Tuesday, February 11, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

IMF warns of risks of America defaulting on its debts

IMF spokeswoman Julie Kozak said at a press briefing: “Our assessment indicates that very serious repercussions are expected, not only for the United States, but also for the global economy, in the event default of the United States”, calling on all parties involved to resolve the issue. Urgently.

She added that “US authorities should be cautious about new vulnerabilities in the US banking sector, including regional banks, that may emerge … in light of the significant rise in interest rates.”

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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