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    HomeNewsOpinionUS credit rating downgrade no big deal

    US credit rating downgrade no big deal

    The reaction of the markets to the downgrade is likely to be temporary, given the widespread expectations of a soft landing for the US economy 

    Subir Roy
    August 03, 2023 / 08:31 IST
    US credit rating downgrade no big deal

    What is important is US government debt as a percentage of nominal GDP going up and that causing the overall economic environment to deteriorate

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