The implication here appears to be that the Congress understands the threat that the fiscal cliff presents not only for the U.S. economy, but also for the global economy and that the Congress will take some action — even if it is only to kick the can down the road for a few months. Fitch believes that if the U.S. falls off the fiscal cliff the impact on the global economy would be worse than another eurozone shock.
Monday, October 15, 2012
Risk of Fiscal Cliff “Lessened” – Fitch Ratings - 24/7 Wall St.
Risk of Fiscal Cliff “Lessened” – Fitch Ratings - 24/7 Wall St.
The implication here appears to be that the Congress understands the threat that the fiscal cliff presents not only for the U.S. economy, but also for the global economy and that the Congress will take some action — even if it is only to kick the can down the road for a few months. Fitch believes that if the U.S. falls off the fiscal cliff the impact on the global economy would be worse than another eurozone shock.
The implication here appears to be that the Congress understands the threat that the fiscal cliff presents not only for the U.S. economy, but also for the global economy and that the Congress will take some action — even if it is only to kick the can down the road for a few months. Fitch believes that if the U.S. falls off the fiscal cliff the impact on the global economy would be worse than another eurozone shock.
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