NEW YORK (Reuters) - The "fiscal cliff" could trigger a second recession in the country's economy and push U.S. unemployment above 10 percent, ratings agency Fitch said on Monday.
Fitch said it did not expect Congress to allow the tax and spending cuts, which have been dubbed the "fiscal cliff", to fall into place given their "far-reaching effects."
The fiscal cliff would "dramatically affect demand" for transportation assets, Fitch said.
In such an event, the agency said it expected airport volumes to range from flat to a 5 percent decline, and road, tunnel, and bridge facilities to see smaller declines than they did in 2008-2009.
(Reporting by Gabriel Debenedetti; Editing by Chizu Nomiyama)
Relacionados
- On eve of U.S. fiscal cliff talks, positions harden
- GE expects solution to U.S. "fiscal cliff" - CFO
- U.S. "fiscal cliff" budget cuts could devastate states, cities
- Claves del viernes: Obama se reúne con los representantes del congreso con el Fiscal Cliff como tema central
- Obama says tax hike has to come first in "fiscal cliff" deal