July 31, 2020

Fitch downgrades US outlook to negative from stable

Washington (AFP) – Ratings agency Fitch on Friday downgraded the outlook for the United States to negative from stable, warning of high debt and deficits made worse by the coronavirus downturn.”The outlook has been revised to negative to reflect the ongoing deterioration in the US public finances and the absence of a credible fiscal consolidation plan,” Fitch said in a statement.The US is home to the world’s worst coronavirus outbreak, which has caused tens of millions of layoffs and a historic 32.9 percent collapse in GDP in the second quarter after businesses closed to stop the spread of COV…

source https://this.kiji.is/en/662048208756802657?c=648607265489716321

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