Fitch Ratings announced that Friday confirms the rating “AAA” of Deutschland, that comes with a “stable” outlook.
The agency explains that the utmost score reflects a heterogenous, high value-added German economy with sturdy institutions and sound public debt management.
The agency expects a gradual reduction within the current account surplus, consistent with a negative contribution from net exports to gross domestic product (GDP) growth.
It adds that the final economic weakness of the eurozone, the escalation of trade tensions and therefore the risk of a Brexit without agreement are the main downside risks to the forecasts.
Rowan Sinclair born and raised in NYC. She has written for Billboard, The Prague Post, and Passport Magazine. In regards to academics, Rowan earned his BBA from NYU. Rowan covers business and economy stories here at The Ticker Times.
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