U.S. Net Debt To Exceed 110% By 2028 As Decarbonization Costs Mount

While the latest IMF forecasts were mostly lost in the din surrounding the start of earnings season, besides the now standard cuts to global growth forecasts, there was one standout item.  As National Bank of Canada points out, the IMF's projections forecast U.S. net debt to rise from 95% of GDP in 2023 to 110% by 2028, which actually is a conservative estimate when comparing a similar, if even more concerning longer-term forecast from the Congressional Budget Office, which effectively projects hyperinflation. But while the fate of US…