U-S-A, U-S-A. Fitch affirmed the US government’s triple-A rating. Fitch sees the Fed hiking in mid-2015 Sees deficit hitting 3.8% of GDP in 2022 Deficit to rise starting in 2016 with current policies Sees deficit at 2.9% of GDP in … Continue reading
Fitch: Japan weathering sales tax rise, but wage growth is key Japan contraction in GD in Q2 largely expected Japan wage growth failed to accelerate ‘convincingly’ Japan lasting fiscal consolidation not yet assured Headlines on Bloomberg
This was entirely expected but can it get any better for Angela Merkel? She also celebrated her 60th birthday this week. In a example of German efficiency, stamps commemorating the World Cup win went on sale Thursday.
raises outlook to positive from stable fiscal consolidation is strengthening the resilience of NZ’s sovereign credit profile vulnerabilities remain, primarily related to high net external debt and strong commodity dependence NZ remains heavily exposed to external developments, noticeably in China … Continue reading
Bloomberg headlines from Fitch Ratings: May be credit negative if Japan abandons fiscal reform A failure to improve growth will be negative for ratings Comments from Fitch’s Andrew Colquhoun in an interview – They would say that, wouldn’t they? Maybe … Continue reading
Unofficial but Bloomers cite a draft report. We’ll have to wait until tomorrow for official confirmation but the Greeks won’t mind that being leaked. Funny how countries kick up a stink when they’re getting cut eh?