WASHINGTON - Steadily rising piles of government debt that keep interest rates high are restricting growth in the United States and other industrial nations.

This conclusion is tucked away in the International Monetary Fund's world economic outlook, a semiannual staff report issued by the IMF ahead of last week's meeting by Treasury Secretary Robert Rubin with his counterparts in Canada, France, Germany, Italy, Japan, and the United Kingdom.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.