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US, China Challenges Persist for Global Credit Outlook
The 2024 global outlook for credit has improved since Fitch’s previous outlook review published at the end of 2023, says Fitch Ratings. Positive US macroeconomic data in 1Q24, buoyed by resilient consumer demand and fiscal stimulus, stronger demand in some large emerging markets, and signs of a more sustainable recovery in Europe all contributed to a generally more sanguine outlook for credit relative to the beginning of the year. We reviewed 273 sector, regional and asset performance outlooks, covering the entirety of our ratings portfolio for our mid-year credit outlook update. These outlooks are forward-looking ... (full story)