The United States is facing a severe budget deficit of -6% of its GDP, the highest among G7 nations. This deficit is twice the average of other G7 countries and is expected to reach -7.5% by 2028. Factors like supply chain disruptions, crude oil prices, and policy decisions are driving this instability. Experts warn that this could negatively impact the global economy, specifically affecting India's exports, investment, and currency value as the US might raise interest rates to manage the crisis.
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