Mario Draghi, the former president of the European Central Bank, said that if the US political community can agree on reducing the deficit, then the US does not need to make much effort to stabilize its debt situation. Given that artificial intelligence is driving the expansion of the world's largest economy, Draghi said he thought last year that the US “doesn't require extraordinary effort” to reduce its huge debt. Draghi told Mi-Siwei on Thursday, “To keep the ratio of debt to GDP at about 100% after 10 years, the productivity increase required is actually not significant at all. Everything seems doable, but there is a premise that America's fiscal deficit cannot continue to grow.”

Mario Draghi, the former president of the European Central Bank, said that if the US political community can agree on reducing the deficit, then the US does not need to make much effort to stabilize its debt situation. Given that artificial intelligence is driving the expansion of the world's largest economy, Draghi said he thought last year that the US “doesn't require extraordinary effort” to reduce its huge debt. Draghi told Mi-Siwei on Thursday, “To keep the ratio of debt to GDP at about 100% after 10 years, the productivity increase required is actually not significant at all. Everything seems doable, but there is a premise that America's fiscal deficit cannot continue to grow.”