Fitch on the UK and France:

France:

  • Affirmed at AA
  • Sees 1.5% growth in 2016 and 2017
  • Sees inflation rising to 1.3% by 2017
    Sees unemployment jus below 10% by 2017
  • Sees 3.4% deficit to GDP in 2016

UK:

  • Affirmed at AA+
  • Sees UK growth at 2.5% in 2015, 2.3% in 2016 and 2.1% in 2017
  • Sees debt-to-GDP peaking at 90% this year and falling to 75% in 2024
  • Inflation to gradually converge toward BOE target at 2%

No surprises here but those growth forecasts are cringe-worthy.