HomeEconomyIMF warns of "serious global repercussions" of possible US default.

IMF warns of “serious global repercussions” of possible US default.

The International Monetary Fund “strongly encourages the parties in the United States to come together to reach consensus to urgently resolve this issue.”

The IMF expressed its concern on Thursday about the “serious repercussions” on the world economy that a US default would have, without an agreement to raise the debt ceiling, and while Donald Trump urged Republicans to provoke such a situation to pressure .

“There would be very serious repercussions not only for the United States but also for the global economy if the US debt defaults. And we strongly encourage the parties in the United States to come together to reach consensus to resolve this issue as a matter of urgency,” International Monetary Fund communications director Julie Kozack said at a news conference.

>> More information to come on BFM Business in a few moments. You can also watch BFM Business live on video and Follow us on Twitter.

Author: TT with AFP
Source: BFM TV

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