© Reuters. FILE PHOTO: The Manhattan skyline is pictured from the Summit at One Vanderbilt observatory in Manhattan in New York City, U.S., April 14, 2023. REUTERS/Mike Segar/File Photo
(Reuters) – Credit ratings agency Fitch on Friday affirmed United States’ long-term foreign currency sovereign credit rating at “AA+” with a “stable” outlook.
Fitch said it forecast GDP growth to slow in 2024, despite the country’s economy proving resilient in the face of higher interest rates.
The U.S. economy grew by 2.5% in 2023, partly reflecting the renewed fiscal policy easing as highlighted by the large general government deficit in 2023.
According to the agency, the outcome of the upcoming November presidential and congressional elections will be important for policymaking and the ability to pass and implement legislation.
This story originally appeared on Investing
