U.S. Debt Ceiling Is a Risk, Says Fitch's McCormack

The video discusses the economic challenges facing the US, including the impact of the government shutdown, debt ceiling concerns, and fiscal deterioration. It highlights the significant debt levels and the potential risks of a recession, while also noting resilient economic indicators. The discussion covers the normalization of interest rates and the end of the economic cycle, suggesting that while a recession is not expected in 2019, weaker growth is anticipated towards the end of the year and into 2020.

What is the primary concern related to the US government shutdown discussed in the video?

• The effect on international trade

• The risk of reaching the 'ex date' without a solution

• The potential for a prolonged shutdown

• The immediate economic growth impact

How much of the US GDP is represented by federal debt, according to the video?

• 50%

• 100%

• 150%

• 75%

What is the annual deficit of the US as a percentage of GDP?

• 2%

• 3.5%

• 7%

• 5.5%

What is the perceived risk of a recession in the US according to economists polled by Bloomberg?

• 25%

• 10%

• 20%

• 15%

What economic phase is the US currently experiencing, as mentioned in the video?

• A period of deflation

• A fiscal stimulus phase

• A recession

• A trade surplus phase