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US Economy at Risk of Collapse by pritpal40 is a document available to read on EtoBox.
What is US Economy at Risk of Collapse about?
The CBO predicts that unless federal deficit spending changes, the US economy will experience a financial crisis like Greece. The CBO forecasts that the federal budget deficit will remain high for the next decade, resulting in public debt levels of 77% of GDP by 2023. Such high and rising debt levels would reduce economic growth and flexibility, increasing the risk of a fiscal crisis where the government cannot borrow affordably.
- Author
- pritpal40
- Language
- EN