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China’s Recovery Reduces Risks to APAC Sector Mid-Year Outlooks
Overall, 13 of Fitch Ratings’ 47 mid-year sector outlooks assessed in APAC are ‘deteriorating’, with 30 ‘neutral’ and four ‘improving’. This reflects the impact of eight outlook changes since our 2023 sector outlooks were published in late-2022. Seven of these were in a positive direction, with the only negative changes being the shift in the outlook for Australia and New Zealand banks to ‘deteriorating’ from ‘neutral’. Among our portfolio of sectors in APAC, the share of outlooks assessed as ‘deteriorating’, at 28%, remains much larger than the 8% judged to be improving. Nonetheless, when ... (full story)