The director general of the largest asset manager in the world has just issued a disastrous warning, saying that the United States will blame itself in debt unless the country finds a way to stimulate and develop the economy.
Speaking at the top of the Forbes 2025 iconoclastic, Larry Fink details the remarkable rhythm to which the United States has amassed an astronomical debt.
“After 223 years of nation in 2000, the (national debt) of the United States was 8 billions of dollars. And in the past 25 years, both parties have been guilty, (this number) now at 36 billions of dollars. And we now have a pending tax bill which will add 2.3 to 2.4 billions of dollars at the rear.
If we do not find a way to grow at 3% per year, real growth, we will hit the wall. »»
Although the figures are dark, Fink thinks that the United States can always get out of its hole in several thieves, describing a number of measures that decision-makers can take to stimulate real economic growth in several industries.
“This is why we must unlock more private capital … We must rationalize permits, we must focus on the reconstruction of our infrastructure.
If you believe that we are going to be the leader of AI (artificial intelligence), we are going to estimate a shortage of 500,000 electricians in this country.
Thus, despite all this pessimism, the foundation of growth is there. We just need to unlock it …
If we cannot unlock this growth and if we want to continue to trip in an economy of 2%, the (national debt is) going to overwhelm this country. »»
https://www.youtube.com/watch?v=d4d1gzgnhki
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