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Tuesday, August 9, 2011

What Does the S&P Downgrade Mean, If France Is Rated Higher Than USA?

What Does the S&P Downgrade Mean, If France Is Rated Higher Than the U.S.

"The United States still has a higher per-capita GDP than most countries, including both the U.K. and France. Last year, the U.S. GDP grew 2.9 percent—almost double the U.K.’s 1.4 percent and France’s 1.5 percent. Between April and June of this year, the U.S. GDP grew 1.3 percent while the U.K. economy grew 0.2 percent. A June forecast from the Bank of France estimated that the country’s economy would grow 0.4 percent in the second quarter. (U.S. growth, granted, is still slower than it used to be.)"

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