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US fiscal deficit too large: Gopinath
Mint Bangalore
|May 22, 2025
(IMF) first deputy managing director Gita Gopinath said US fiscal deficits are too large and it needs to tackle its "ever-increasing" debt burden, according to an interview published by the Financial Times on Wednesday.
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Gopinath said that the US was still impacted by "very elevated" trade policy uncertainty despite positive developments like President Donald Trump's administration rolling back tariffs on China and striking a US-UK economic deal.
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