The German economy is likely in recession in the first quarter of 2024, facing an even longer period of weakness, according to the Bundesbank. Weak consumption and anemic industrial demand have contributed to the delay in recovery. Despite this, S&P has affirmed Germany's 'AAA/A-1+' ratings with a stable outlook, expecting a modest growth of 0.3% in real terms in 2024 as domestic and external demand recover towards the second half of the year. Germany's fiscal and external buffers remain substantial. The European Championship, set to be held in Germany this summer, is not expected to significantly boost the economy. Fitch has affirmed Portugal's credit rating at 'A-' with a stable outlook, revised the United Kingdom's outlook to stable while affirming its 'AA-' rating, and Moody's has affirmed Poland's ratings at A2 with a stable outlook.
#Germany's AAA rating affirmed by S&P. Outlook remains stable. BUT S&P would lower rating if Germany's economic slump persisted longer than anticipated. "We believe such a scenario could coincide w/the country's fiscal position worsening beyond our projections, with low prospects… https://t.co/g22QHbjAid
Germany is in recession and its economy will hardly grow this year, according to a Bloomberg survey https://t.co/4bPHejKJYI
Fitch revises United Kingdom's outlook to 'stable' on easing policy risks https://t.co/v8Zb31G170 https://t.co/6C1rvj5ee1
Fitch upgrades UK credit rating outlook to ‘stable’ https://t.co/1sjIfYCrNp
MOODY'S AFFIRMS POLAND'S RATINGS AT A2; MAINTAINS STABLE OUTLOOK
S&P SAYS GERMANY 'AAA/A-1+' RATINGS AFFIRMED; OUTLOOK STABLE S&P SAYS EXPECT GERMANY'S ECONOMY TO GROW MODEST 0.3% IN REAL TERMS IN 2024, AS DOMESTIC & EXTERNAL DEMAND RECOVER TOWARD SECOND HALF OF YEAR S&P SAYS GERMANY'S FISCAL & EXTERNAL BUFFERS REMAIN SUBSTANTIAL AND…
FITCH AFFIRMS PORTUGAL AT 'A-'; OUTLOOK STABLE
FITCH REVISES UNITED KINGDOM'S OUTLOOK TO STABLE; AFFIRMS AT 'AA-'
⚠️ EUROPEAN CHAMPIONSHIP WON'T SAVE GERMAN ECONOMY, STUDY SHOWS Full Story → https://t.co/BQTYGubjTh The European Championship to be held in Germany this summer is unlikely to turn into a summer fairytale for the euro zone's largest economy as it struggles for growth, a study… https://t.co/CzEwVvu2Ys
Germany likely in recession as recovery delayed, says Bundesbank https://t.co/kR7EatzHeu https://t.co/7rn6rsuuMH
The German economy faces an even longer period of weakness - Bundesbank https://t.co/GSV8eInOfj https://t.co/Hs2Fsa7nNW
⚠️ GERMANY LIKELY IN RECESSION AS RECOVERY DELAYED, SAYS BUNDESBANK Full Story → https://t.co/3QWTso9W6d The German economy was likely in recession in the first quarter of 2024 as weak consumption and anaemic industrial demand continue to push the recovery further into the… https://t.co/6U4oNrsiW1