Reported 12 months ago
Credit rating agency S&P Global stated that the United States, France, and other major economies are unlikely to reduce their debt levels in the near future. The report warns that significant improvements in the primary balance are needed for debt stabilization, which is unlikely to occur over the next three years. S&P noted that only a severe deterioration in borrowing conditions could prompt G7 governments to prioritize budget consolidation due to upcoming elections. The assessment precedes elections in the U.S., Britain, and France focused on economic improvement and social welfare enhancements.
Source: YAHOO