Budgets and the Battle for Growth

Budgets and the Battle for Growth

Update: 2025-07-23
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In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, highlights the growing fiscal pressures for the UK and France alongside Germany’s bold investment-led growth push. Gordon outlines what these divergent strategies mean for credit markets, with a closer look at shifting survey expectations on expected defaults.

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Budgets and the Battle for Growth

Budgets and the Battle for Growth

KBRA