BusinessGoldman Sachs Warns US Debt-to-GDP Could Hit 132% by 2035
Goldman Sachs has warned that rising US interest rates could worsen the country's debt problem. Strategist Pierfrancesco Mei said US debt-to-GDP might reach 132% by 2035 if high rates persist, 10 points above their baseline forecast. Higher rates increase government interest costs, potentially forcing earlier deficit reduction to prevent further debt growth. US Treasury yields have sharply risen this year, raising borrowing costs.
HT World·




