Last updated on August 8, 2023
Paul Krugman, a renowned economist and Nobel laureate, is expressing curiosity regarding the reasons behind the recent downgrade of the United States’ credit rating by Fitch. Fitch Ratings, one of the world’s leading credit rating agencies, made the decision to lower the US credit rating due to concerns over the country’s fiscal trajectory and its ability to manage its debt. Krugman wants to delve deeper into the factors that led Fitch to make this downgrade in order to gain a better understanding of the situation.
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