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IMF chief economist says rising US debt is not a big concern

WASHINGTON, Apr 6 (Reuters) – Rising US debt from expanding fiscal spending to deal with the coronavirus is not of great concern to the International Monetary Fund, although fiscal support could be better adjusted to take advantage of economic benefits, it said on Tuesday the chief economist of the IMF.

Gita Gopinath told a news conference that the ability of the United States to assume its debt burden has been strengthened because interest rates were reduced, “so that the level of debt at this point is not something that we are detecting as a great concern”.

Gopinath noted that Washington’s latest $ 1.9 trillion fiscal bailout package boosted the IMF’s global growth outlook and has pushed the United States a couple of months ahead of the pace of recovery relative to the economy. Euro zone.

(Reporting by David Lawder. Edited in Spanish by Marion Giraldo)

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