Portugal’s government bond rating outlook was raised by S&P Global Ratings as the country’s economy is set to post steady growth and its debt ratios decline.
The outlook was revised to positive from stable, S&P said in a statement on Friday. It affirmed the BBB+ rating. S&P in Sept. 2022 raised the rating one level to BBB+, with a stable outlook.
Gross domestic product growth is expected to slow this year, after bouncing back following the pandemic. Portugal had the third-highest debt ratio in the euro area in 2022 and the European Commission projected in May that it will be ranked fifth in 2023, as its debt ratio drops below the levels of Spain and France.
Government debt fell to 113.9% of gross domestic product in 2022 and the government aims for a budget deficit of 0.4% of GDP in 2023, unchanged from 2022.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Silver price outlook sours, hamstrung by soaring U.S. dollar, Treasury yields(Kitco News) - The recent strength of the U.S. Dollar and the dramatic runup in Treasury yields have put considerable pressure on silver and gold, discouraging precious metals buying from investors holding other currencies, according to FX Empire’s James Hyerczyk.
Lire la suite »
Canadian dollar outlook seen less rosy as China’s economy weakensAnalysts have cut their bullish near-term forecasts for the loonie
Lire la suite »
Canadian dollar outlook seen less rosy as China's economy weakens: Reuters pollAnalysts have cut their bullish near-term forecasts for the Canadian dollar as China's economy weakens and the gap between U.S. and Canadian bond yields grows, but still expect the currency to be stronger in a year, a Reuters poll showed. The median forecast of nearly 40 foreign exchange analysts was for the loonie to strengthen 1.9% to 1.34 per U.S. dollar, or 74.63 U.S. cents, in three months, compared to 1.32 in last month's forecast. 'The loonie has lost a few feathers in recent weeks,' said Stefane Marion, chief economist and strategist at National Bank of Canada.
Lire la suite »
Canadian dollar outlook seen less rosy as China's economy weakens: Reuters pollBy Fergal Smith TORONTO (Reuters) - Analysts have cut their bullish near-term forecasts for the Canadian dollar as China's economy weakens and the gap ...
Lire la suite »
Thai business group cuts 2023 GDP growth outlook to 2.5%-3.0%BANGKOK (Reuters) - Thailand's economy is expected to grow 2.5% to 3.0% this year, down from a previous forecast of 3.0% to 3.5%, due to declining ...
Lire la suite »
Canadian dollar outlook seen less rosy as China's economy weakensMarket News
Lire la suite »