America is rapidly heading toward an economic recession !

US debt has surged by nearly $1 trillion (₹86 lakh crore) in just 48 days

Washington (USA) – The United States is rapidly moving toward an economic downturn. Despite being elected President on the promise of savings and austerity, Donald Trump has been unable to curb government spending. U.S. debt is increasing by an astonishing $21 billion per day, and in the last 48 days alone, it has grown by nearly $1 trillion — equivalent to over ₹86 lakh crore. This information was revealed through a survey conducted by the American Conference Board.

Spending exceeds GDP !

The U.S. government is currently spending 44% more than its annual production (GDP). This rate is higher than during World War II and even surpasses the 2008 Great Recession levels. Alongside soaring debt, the fiscal deficit has also grown sharply, currently standing at $1.63 trillion, which is about ₹140 lakh crore.