Us credit downgrade aaa to aa+
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Transcript of Us credit downgrade aaa to aa+
Presented By:
Yusuf Khan
U.S. Credit Downgrade
criticism
“S&P’s decision
doesn’t make any
sense.”
[ Warren Buffett ]
“We were
looking for a
consistent
bench-line and
also
nonpartisan
work.”
David Beers
[S&P’s global head of sovereign
ratings]
Obama’s Speech on US
Economy
Possible effects of downgrade of United States’ credit rating.
ECONOMIC TSUNAMI
Impact on our country
• The dollar losing its fundamental strength would mean a stronger rupee. At a time when GDP growth rate has exhibited a slowing trend and also when the Reserve Bank does not mind a growth-inflation trade-off, exports could take a hit.
Impact on our country
• The dollar losing its fundamental strength would mean a stronger rupee. At a time when GDP growth rate has exhibited a slowing trend and also when the Reserve Bank does not mind a growth-inflation trade-off, exports could take a hit.
Impact on our country
Statement of Pranab
Mukherjee
“Our growth
story is
intact and
fundamental
are strong.”
“ We should
still grow at
8.2 per cent
” Dr. Rangarajan
[PM’s Chief Economic Advisor ]