S&P Global warns that the US, Italy, and France need to improve their primary balance by over 2% of GDP cumulatively for debts to stabilize. Debt levels in these countries and other advanced economies are not expected to stabilize in the next few years.
THE US, ITALY AND FRANCE WOULD HAVE TO IMPROVE PRIMARY BALANCE BY MORE THAN 2% OF GDP CUMULATIVELY FOR DEBTS TO STABILISE - S&P GLOBAL.
S&P Global warns that debt levels in the US and other advanced economies are unlikely to stabilize in the coming years.
🔵 RATING AGENCY S(and)P SENDS DEBT WARNING TO US, FRANCE AND OTHER TOP ECONOMIES The United States, France and major economies are unlikely to halt the rises in their debt levels in the next few years, credit rating firm S(and)P Global warned on Tuesday. Full Story via… https://t.co/dlNXOFEpiB
THE US, ITALY AND FRANCE WOULD HAVE TO IMPROVE PRIMARY BALANCE BY MORE THAN 2% OF GDP CUMULATIVELY FOR DEBTS TO STABILISE - S&P GLOBAL.
THERE ARE NO SIGN OF RISING DEBT LEVELS IN THE US AND OTHER LARGE ADVANCED ECONOMIES STABILIZING IN THE NEXT FEW YEARS - S&P GLOBAL.
ITALY 1Q YEAR-TO-DATE BUDGET DEFICIT 8.8% OF GDP.