Time.news – The S&P rating agency confirmed the sovereign rating of the United States ‘AA+/A-1+’, highlighting how the country’s economy is resilient and calling into question the broad flexibility of monetary policy.
The outlook remains stable, reflecting the expectation of rapid economic growth this year and next as the pandemic begins to wane.
The international rating agency S&P estimates that the US economy will grow by 6.5% and 3.5% in 2022, before gradually stabilizing towards 2% in 2023-2024.
Confirming the rating with a stable outlook, S&P experts explain that “decision-making and political institutions tend to be transparent and accountable. Its governance system and free flow of information have created a stable environment for the economy. There we expect strong institutions (including Congress, the judiciary and the Federal Reserve) to continue to support stability, predictability and economic prosperity. “
A special applause for the new $ 1.9 trillion aid plan: “The political response to the pandemic has demonstrated the effectiveness of government institutions in taking timely measures to address economic difficulties and maintain stability and confidence.”