Moody’s has affirmed China’s long-term ratings at A1 and revised its outlook from “negative” to “stable,” highlighting the resilience of the country’s economy despite internal and external challenges. The agency expects a gradual slowdown in GDP growth and an increase in government debt, but notes the strengths of China’s financial system and the competitiveness of its exports.
Brazil's Deputy Finance Minister Dario Durigan emphasized the need to coordinate fiscal and monetary policies amid high interest rates and rising public debt. He expressed confidence that the country's revenues would recover by 2026 and highlighted the importance of finding a balance between social spending and fiscal discipline.
UK Finance Minister Rachel Reeves has not ruled out the possibility of further tax increases during the current parliamentary term, despite a recent major package of budgetary measures. She emphasized that the main priorities remain economic growth and support for public services.