{"id":235253,"date":"2025-03-26T13:44:20","date_gmt":"2025-03-26T13:44:20","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=235253"},"modified":"2025-03-26T13:44:20","modified_gmt":"2025-03-26T13:44:20","slug":"semnal-de-alarma-dur-din-partea-moodys-datoria-sua-creste-periculos-in-timp-ce-tarifele-si-reducerile-fiscale-ale-lui-trump-ar-putea-declansa-o-criza-economica-de-proportii","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=235253","title":{"rendered":"Semnal de alarm\u0103 dur din partea Moody\u2019s: Datoria SUA cre\u015fte periculos, \u00een timp ce tarifele \u015fi reducerile fiscale ale lui Trump ar putea declan\u015fa o criz\u0103 economic\u0103 de propor\u0163ii"},"content":{"rendered":"<p>\nAgen\u0163ia de rating Moody\u2019s a lansat un avertisment cu privire la perspectivele fiscale ale SUA, subliniind c\u0103 tarifele comerciale impuse de fostul pre\u015fedinte Donald Trump ar putea afecta capacitatea \u0163\u0103rii de a gestiona o datorie \u00een cre\u015ftere \u015fi rate mai mari ale dob\u00e2nzii, informeaz\u0103 Financial Times.<\/p>\n<p>\nMar\u0163i, Moody\u2019s a declarat c\u0103 \u201eputerea fiscal\u0103 a Americii va continua probabil s\u0103 se deterioreze \u00een urm\u0103torii ani\u201d, men\u0163ion\u00e2nd c\u0103 aceast\u0103 tendin\u0163\u0103 negativ\u0103 s-a accentuat deja din noiembrie 2023, c\u00e2nd agen\u0163ia a atribuit o perspectiv\u0103 negativ\u0103 ratingului de credit triplu A al SUA.<\/p>\n<p>\nDe\u015fi Moody\u2019s a recunoscut \u201eextraordinara rezisten\u0163\u0103 economic\u0103\u201d a SUA \u015fi importan\u0163a dolarului \u015fi a pie\u0163ei obliga\u0163iunilor de Trezorerie ca piloni ai sistemului financiar global, anali\u015ftii s\u0103i au avertizat c\u0103 politicile unei eventuale administra\u0163ii Trump &#8211; inclusiv tarife comerciale agresive \u015fi reduceri de taxe nefinan\u0163ate &#8211; ar putea submina stabilitatea veniturilor guvernamentale.<\/p>\n<p>\n\u201eImpactul negativ al tarifelor ridicate pe termen lung, al reducerilor fiscale f\u0103r\u0103 acoperire \u015fi al riscurilor economice semnificative a redus \u015fansele ca aceste puncte forte s\u0103 continue s\u0103 compenseze deficitele bugetare \u00een cre\u015ftere \u015fi sustenabilitatea tot mai sc\u0103zut\u0103 a datoriei\u201d, a precizat Moody\u2019s.<\/p>\n<p>\nAgen\u0163ia a ad\u0103ugat c\u0103 aceast\u0103 sl\u0103bire fiscal\u0103 este probabil s\u0103 persiste chiar \u015fi \u00een scenarii economice \u015fi financiare favorabile.<\/p>\n<p>\nAvertismentul Moody\u2019s survine \u00een contextul unor dezbateri aprinse la Capitoliu \u015fi \u00een cadrul administra\u0163iei Trump cu privire la m\u0103surile necesare pentru a plasa SUA pe o traiectorie fiscal\u0103 mai sustenabil\u0103. Anali\u015ftii \u015fi investitorii \u015fi-au exprimat \u00eengrijorarea c\u0103 o datorie \u015fi un deficit \u00een cre\u015ftere ar putea afecta, \u00een cele din urm\u0103, cererea pentru titlurile de trezorerie ale SUA, considerate un pilon al sistemului financiar mondial.<\/p>\n<p>\nUn exemplu notabil este Pimco, unul dintre cei mai mari administratori de obliga\u0163iuni din lume, care a anun\u0163at anul trecut c\u0103 \u201eproblemele de sustenabilitate\u201d l-au determinat s\u0103 fie mai reticent \u00een achizi\u0163ionarea de titluri de trezorerie pe termen lung. \u00cen anul fiscal \u00eencheiat la 30 septembrie, deficitul bugetar federal a atins 1,8 trilioane de dolari, cu 8% mai mare dec\u00e2t \u00een anul precedent.<\/p>\n<p>\nCu pu\u0163in peste doi ani \u00een urm\u0103, c\u00e2nd Moody\u2019s a redus perspectiva ratingului de credit al SUA la \u201enegativ\u0103\u201d, agen\u0163ia a invocat costurile ridicate ale serviciului datoriei \u015fi \u201epolarizarea politic\u0103 profund\u0103\u201d. Ratingul de credit al SUA este esen\u0163ial pentru accesul la finan\u0163are, deoarece un rating mai bun \u015fi o perspectiv\u0103 pozitiv\u0103 contribuie, de obicei, la costuri mai mici de \u00eemprumut.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Agen\u0163ia de rating Moody\u2019s a lansat un avertisment cu privire la perspectivele fiscale ale SUA, subliniind c\u0103 tarifele comerciale impuse de fostul pre\u015fedinte Donald Trump ar putea afecta capacitatea \u0163\u0103rii de a gestiona o datorie \u00een cre\u015ftere \u015fi rate mai mari ale dob\u00e2nzii, informeaz\u0103 Financial Times. Mar\u0163i, Moody\u2019s a declarat c\u0103 \u201eputerea fiscal\u0103 a Americii [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[9646,277,7736,246,182,12992,7504,106,526,9693,348],"class_list":["post-235253","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-agentie","tag-avertisment","tag-credit","tag-crestere","tag-criza","tag-datorie","tag-rating","tag-sua","tag-tarife","tag-trezorerie","tag-trump"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/235253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=235253"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/235253\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=235253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=235253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=235253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}