S&P GLOBAL RATINGS CONFIRMS GERMANY'S AAA" RATING"
S&P experts believe that the problems in the German economy due to the coronavirus pandemic, as well as the growth of the national debt and budget deficit, can not serve as a basis for the deterioration of credit ratings, as well as the forecast for them. Germany is still a highly creditworthy country. The agency's experts believe that in the coming years, the country's credit ratings are not in danger. The negative consequences of the pandemic will be mitigated by strong institutions of power, as well as large reserves, both external and fiscal. S&P expects Germany to end the current year with a 3.2% increase in gross domestic product. Last year, the country recorded an economic downturn of 4.9%. According to the agency's forecast, the growth rate of the German economy will accelerate to 3.7% next year. Economic growth will slow in the next two years. In 2023, the country's economy will grow by 1.8%. In 2024, Germany's GDP will grow by 1.6%.