S&P affirms US AA+ score with steady outlook regardless of excessive deficits

• S&P affirmed the US sovereign score at AA+/A-1+ with a steady outlook, noting regular however excessive deficits.

• It expects US web normal authorities debt to method 100% of GDP as a result of rising nondiscretionary curiosity and aging-related spending.

• S&P initiatives US financial progress round 2% following a slowdown in 2025 and 2026.

• It stated fiscal deficit outcomes received’t meaningfully enhance, however no persistent deterioration is projected over the following a number of years.

• Common annual actual GDP progress is predicted to decelerate to 1.7% in 2025 and 1.6% in 2026.

This text was written by Arno V Venter at investinglive.com.