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☆ Fitch's negative outlook for China is more bad news for its stalling economy
  + stars: | 2024-04-10 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Read previewFitch Ratings has cut its outlook for China, adding to the gloom surrounding the world's second-largest economy. It cut its outlook from "stable" to "negative," but maintained its overall rating at "A+." The move comes after Moody's Investor Services, another major credit-rating agency, also downgraded its outlook for China to "negative" in December. As a result Fitch expects economic growth to fall to 4.5% for 2024. The ratings agency said policymakers will probably have no choice but to borrow to address its economic woes.
Persons: —, Fitch, Fitch's Organizations: Service, Business, Moody's Investor Services, Analysts, St Louis Federal Reserve, CSI Locations: China, Beijing
☆ Americans are feeling worse about the economy, with confidence diving to a 4-month low
  + stars: | 2023-09-27 | by ( George Glover | ) www.businessinsider.com   time to read: +2 min
US consumer confidence fell to a four-month low in September, the Conference Board said Tuesday. That's a sign Americans are feeling worse about the economy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The US consumer confidence index, which measures how people are feeling about their own financial health and spending power, slipped to a four-month low in September, the Conference Board said Tuesday. Confidence slipped across every age group, according to the Conference Board, with the drop most pronounced among Americans earning upwards of $50,000 a year.
Persons: That's, —, –, they'll, Goldman Sachs, there's Organizations: Conference, Service, Federal Reserve, Reuters, Conference Board, St Louis Federal Reserve
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