71630
Fitch Maintains Germany Ratings
Fitch Maintains Germany Ratings

Fitch Maintains Germany Ratings

Fitch Maintains Germany Ratings

Fitch has maintained the sovereign ratings of Germany with ‘stable’ outlook. The rating agency said the ‘AAA’ rating reflects Germany’s diversified, high value-added economy, strong institutions and history of sound public debt management, RTTNews reported. A large structural current account surplus, above 7% of GDP since 2014, supports the country’s net external creditor position, the agency said. Fitch noted that government debt, at 68% of GDP in 2016, was higher than the ‘AAA’ median of 41% but was on a firmly downward path. Fitch forecasts general government surpluses of 0.6% of GDP in 2017 and 0.4% in 2018 and 2019, within Germany’s Stability Program targets and only slightly lower than last year’s surplus of 0.8%. At the same time, general government debt was forecast to fall to 62.5% in 2018. The agency expects GDP growth this year to match the 2016 rate of 1.9%, and moderate to 1.7% in 2018 and 1.4% in 2019.

Short URL : https://goo.gl/aP8TG9
  1. https://goo.gl/z8zT9c
  • https://goo.gl/HbPs9X
  • https://goo.gl/SN192j
  • https://goo.gl/rWyPLK
  • https://goo.gl/wzCuNd

You can also read ...

OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...
US Economic Confidence Dips
The confidence of Americans in the US economy tumbled into...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus