Fitch confirms the triple A rating for the United States, but the outlook remains negative. The rating agency explained that the decision is linked to "high productivity, a diversified and healthy economy, monetary and exchange rate flexibility", but also to the fact that fiscal and macroeconomic risks " derivatives from the financial sector are declining and are moderating”.
According to Fitch, the weak recovery "reflects the gradual rebalancing of the economy", rather than "a permanent decline in growth potential". The recovery should accelerate "gradually" in 2013 and 2014 and, in the medium term, "should expand to an annual average of around 2,5%".
However, the agency also points out that the risk of a setback remains, "in the light of the uncertainty regarding fiscal policy and the European debt crisis and the recession". Furthermore, the US government's leeway for significant fiscal and monetary stimulus actions "has greatly diminished."
