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During IMF spring meetings, expert calls US economy “precarious”

WASHINGTON (TND) — The International Monetary Fund Spring Meetings are underway this week in Washington.

Inflation and rising debt continue to cause concerns in the economy.

Former White House Economic Adviser, Steve Moore joined The National Desk’s Jan Jeffcoat Tuesday morning to discuss the issue.

“Most of these countries that are part of the big economies have many of the same problems that have plagued the United States problems getting workers back to work after COVID and inflation,” he said. “Inflation is not just a problem here in the United States, but it really has been a worldwide phenomenon.”

Moore argues that these turbulent times around the world are a result in massive increases in government spending and debt.

“A lot of the inflation that we’ve seen in the US which is still persistent, dates back to the trillions of dollars that we spent that we didn’t have back in 2020, 2021 and 2022,” he said.

Source: cbs12