Arab Today, arab today australia welcomes fitch affirming aaa rating
Last Updated : GMT 18:28:12
Arab Today, arab today
Arab Today, arab today

Australia welcomes Fitch affirming AAA rating

Arab Today, arab today

Arab Today, arab today Australia welcomes Fitch affirming AAA rating

Sydney - AFP

Australian Treasurer Wayne Swan welcomed a decision by ratings agency Fitch to affirm the country\'s AAA credit rating, days after his mid-year economic review lowered this year\'s growth forecast. The affirmation overnight of the AAA rating with a stable outlook comes after the government last week cut its growth and budget surplus forecasts as worsening global conditions hurt revenues in the mining-driven economy. \"We manage our economy in the interests of working people and we\'ve had a big tick from the rating agencies overnight,\" Swan told reporters on Saturday. In a mid-year economic review released Monday, Swan said real GDP growth was forecast at 3.0 percent this fiscal year -- from 3.25 percent predicted in May -- and shaved the budget surplus back to Aus$1.1 billion (US$1.13 billion). \"Coming just days after our mid-year Budget update, Fitch\'s confirmation of our AAA status is yet another validation of the government\'s fiscal settings which sit amongst the most impressive in the world,\" he said in a statement Saturday. \"Our rock solid economic fundamentals have proved resilient against challenging global headwinds, and while we are not immune from what happens overseas, we have every reason to be confident about our economy\'s prospects well into the future.\" Australia dodged recession during the global downturn due to the relative resilience of Asia -- a crucial market for its resources exports -- along with a series of government stimulus packages. It is among a handful of nations with top credit ratings with a stable outlook from the world\'s three major credit ratings agencies. Fitch said the \'AAA\' ratings reflected Australia\'s fundamental credit strengths, including a credible macroeconomic policy framework with room for flexibility and strong standards of governance.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia welcomes fitch affirming aaa rating Arab Today, arab today australia welcomes fitch affirming aaa rating

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 15:54 2017 Tuesday ,28 February

Morocco Seeks to Join ECOWAS

GMT 15:42 2017 Tuesday ,28 February

Japan's Industrial Output Falls in January

GMT 08:40 2017 Tuesday ,28 February

Israel opens probe on purchase of German submarines

GMT 06:48 2017 Tuesday ,28 February

Saudi Aramco to invest $7bn in Malaysian oil refinery

GMT 05:21 2017 Tuesday ,28 February

Asian leaders hold talks after Trump dumps TPP
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday