Jakarta, CNBC Indonesia- Ranking company Moody’s reduce the credit standing of the US (US) to “adverse” from the earlier degree of “steady” on Friday (10/11).
This evaluation refers to a rise within the danger of a fiscal deficit and a lower within the capacity to pay money owed. Aside from that, the strengthening polarization forward of the presidential election was the rationale Moody’s reduce the US score.
Sucor Sekuritas economist, Ahmad Mikail, stated that the implications of slicing the US debt score will imply that US Treasury yields are anticipated to stay at a excessive degree for fairly a while. This situation will later encourage the probabilities of a US recession to extend in 2024.
How do economists see the impression of a US debt downgrade on the US economic system? What’s the impact on monetary markets? For additional particulars, see Syarifah Rahma’s dialogue with Sucor Sekuritas Economist, Ahmad Mikail at Energy Lunch,CNBCIndonesia (Wednesday, 11/22/2023)
