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Don't see any reason for US downgrade: JPMorgan Chase

Speaking to CNBC-TV18 in an exclusive, James Glassman, Senior Economist, JPMorgan Chase Bank, says that he doesn’t see any reason for the US downgrade. “The US budget deficit will soon be down to a sustainable range of 1-2% GDP level,” he says.

August 03, 2011 / 16:22 IST
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Even though the US debt ceiling was raised yesterday, expectations of the nation

TAGS: #AAA rating #budget deficit #Congressional Budget Office #debt obligations #defaulting on debt #FII View #GDP #Rating agencies #US debt ceiling #US downgrade
first published: Aug 3, 2011 02:47 pm

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