Fitch Ratings has apparently reversed its opinion of President Donald Trump’s effect on global economic stability.
Fitch, one of the three major ratings services, issued “a mostly glowing report” Tuesday about the state of domestic finances, CNBC.com explained.
In February, Fitch warned that Trump posed a danger to global economic stability.
“Fitch, in a far cry from its dire warnings in February, both reaffirmed the sterling AAA credit rating for the U.S. and raised its outlook for gross domestic product growth,” CNBC explained.
The ratings agency says the president’s pro-growth agenda would push GDP more than expected. Fitch sees U.S. growth at a 2.3 percent rate in 2016 and 2.6 percent in 2018 — better than the 1.6 percent average GDP rate under President Barack Obama.
“The new administration’s focus on deregulation and tax cuts has spurred higher business confidence and would be positive for growth if carried through,” Fitch