The international credit rating agency Fitch has downgraded France’s long-term public debt, significantly impacting the government’s fiscal outlook. Investors are expressing concerns regarding France’s ability to meet its financial obligations. The downgrade signifies a reduction in France’s overall creditworthiness, potentially leading to higher borrowing costs and increased economic uncertainty. The decision has already sparked debate within the French political landscape, with the Prime Minister emphasizing the need to prioritize fiscal responsibility. The downgrade is expected to have implications for international trade and financial stability.
Credits: The Straits Times World News