The US crisis will influence all the global economy

The US crisis will influence all the global economy

The head of IMF, Christine Lagarde, said that a serious damage will be done to the global economy if American politicians are not able to avoid default by coming to an agreement about raising the United States debt ceiling. She thinks that the prospects of default look substantially more threatening than the current budget crisis.

«The government shutdown is bad by itself, but refusal to raise the United States debt ceiling will be much worse and can very seriously harm not only the economy of USA but also the global economy as a whole,» said the director of the fund, while speaking to the students of George Washington University.»Therefore, it is crucial to resolve the issue as soon as possible.»

Independent experts and global rating agencies forecast that the USA will reach the United States debt ceiling set by the Congress at the level of $16.7 trillion, by October 17 and will not be able to meet its obligations.

Дмитрий Майдан


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