The rating agency considers a “financial flexibility unmatched” to live in a country where in addition to the “most liquid capital markets and more sophisticated” and emits the reference reserve currency.
It expects growth of 3% of the United States in 2015 and slightly less in 2016.
“The federal deficit is expected to decline in 2015 and 2016 compared to 2.8% of GDP recorded in 2014, “still observed the rating agency, who notes that the outlook for the medium-term deficit improved slightly thanks to the country’s economic strength and at lower interest rates than expected.
However, she added, without mandatory spending reforms and / or taxes, the deficit will increase again as of 2018.
In fact, observing that Congress and the White House have established various finance bills for the 2016 fiscal year, Fitch expects little progress on reforms advanced in both texts though some items transcend partisan differences, such as the desire to reform corporate taxation.
(Kanika Sikka, Wilfrid Exbrayat for the French service)
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