Global impact of US credit downgrade
The credit rating agency Standard and Poor’s downgraded the United States’ credit rating for the first time in its history, from AAA to AA+, last Friday. This news sent shock-waves around the globe, sending markets into free-fall, and forcing global leaders into emergency meetings. Amar Bhide, professor at Tufts University’s Fletcher School of Law and Diplomacy, and author of “A Call for Judgement: Sensible Finance for a Dynamic Economy,” believes this downgrade will have little affect on the global economy, unlike the current European debt crisis.
The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help.
Make a gift today to help us raise $67,000 by the end of the year and keep The World going strong. Every gift will get us one step closer to our goal!