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S&P affirmed the US sovereign rating at AA+/A-1+ with a stable outlook, noting steady but high deficits.
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It expects US net general government debt to approach 100% of GDP due to rising nondiscretionary interest and aging-related spending.
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S&P projects US economic growth around 2% following a slowdown in 2025 and 2026.
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It said fiscal deficit outcomes won’t meaningfully improve, but no persistent deterioration is projected over the next several years.
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Average annual real GDP growth is expected to decelerate to 1.7% in 2025 and 1.6% in 2026.
This article was written by Arno V Venter at investinglive.com.