IMF calls for US to cut deficits amid bond woes, urges China to shift away from exports - Kitco
IMF calls for US to cut deficits amid bond woes, urges China to shift away from exports - Kitco
Source: Kitco
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DW NOTE
The IMF wants the US to cut deficits while yields are already at 5.24% and climbing — seventeen months into the fiscal crisis that brought them there. China, meanwhile, is supposed to pivot from exports just as the Strait of Hormuz sits closed and global supply chains fracture. Advice that might have mattered in 2019, delivered in a world where neither country can afford to take it.