Feedback

Bug Report
Feature Request

Twitter page

Topics

AI 🤖Business 💼Cryptocurrency 💰Economy 🏛️Politics 🥸Stock Markets 🤑Technology 🛠️

Posted 9/16/2023, 5:11:00 AM

Fitch Affirms Malta's A+ Rating But Cautions Fiscal Risks Despite Economic Growth

Fitch affirms A+ rating for Malta with a stable outlook, citing economic resilience and high growth despite headwinds
But large fiscal deficits weighing on public finances and national debt gradually increasing
Inflation remains high at 5.8% despite energy subsidies, wage growth robust
GDP growth strong at 3.5% in 2023, outpacing A-rated peers, unemployment at record lows
Concerns over impact of subsidies on medium-term fiscal position, progress needed on governance and supervision

timesofmalta.com

Relevant topic timeline:

8/21/2023

Fitch, BRICS, Ukraine: Why US Economic And Political Hegemony Is In Long-Term Decline

Fitch's recent downgrade of US government debt reflects concerns over the country's deteriorating fiscal governance standards and the unlikely prospects of serious fiscal reform, signaling a change in perceptions that may have more damaging effects than the 2011 downgrade by S&P; factors such as broken supply chains, rising inflation, and a shift away from the US dollar as a safe haven currency contribute to a potential US slowdown and impact on global economic power.

8/21/2023

Fitch sees ‘watered down’ judicial overhaul not having doomsday effect on economy

Despite the weakening Israeli shekel and concerns over proposed changes to the country's judicial system, Fitch Ratings believes that the modifications have been sufficiently diluted to avoid causing long-term damage to Israel's resilient economy. Fitch's decision to affirm Israel's credit rating is based on the expectation that the government will not move towards a hard-rightwing stance and that Israel will continue to attract investment and talent.

Home
Economy 🏛️