Dennis Shen

Dennis Shen is an American economist and a Senior Director in sovereign ratings with Scope Ratings GmbH based in Berlin, Germany. He has been working at Scope since 2017 and also serves as Chair of the Macroeconomic Council. Before joining Scope, Dennis was a European Economist with Alliance Bernstein in London. He holds a B.Sc. in Operations Research & Engineering from Cornell University and an M.P.A. in International Development from the London School of Economics, and he is also a CFA Charterholder. Dennis has written articles for FX Empire since March 2020, providing insights on macroeconomic topics such as the UK's debt situation and its implications for long-term ratings.

Biography:  https://www.fxempire.com/author/dennisshen

83%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

90%

Examples:

  • The UK has not achieved a primary surplus since 2001 despite a near-constant objective of achieving one.
  • The UK's general government deficit is projected to stay above 3% of GDP during the forecast horizon.
  • The UK Treasury can sustain higher levels of government debt due to its status as a reserve currency sovereign.
  • UK fiscal rules are not strongly binding and have been changed multiple times since 2011.

Conflicts of Interest

100%

Examples:

No current examples available.

Contradictions

85%

Examples:

  • The current rising debt trajectory represents a concern for our ratings in the medium to long run.
  • This may risk a sudden re-appraisal of the sovereign within capital markets if debt risk is not managed prudently and especially if the reserve-currency benefits of the pound were to weaken.

Deceptions

55%

Examples:

  • Net interest payments, % of GDP
  • The fact that UK fiscal rules have been changed on six separate occasions since 2011 after prevailing objectives became inconvenient does not bolster confidence.
  • This may risk a sudden re-appraisal of the sovereign within capital markets if debt risk is not managed prudently.

Recent Articles

IFS Warns of Financial Challenges Awaiting Next UK Government: Public Finances Loom as 'Dark Cloud'

IFS Warns of Financial Challenges Awaiting Next UK Government: Public Finances Loom as 'Dark Cloud'

Broke On: Wednesday, 10 September 2014 The Institute for Fiscal Studies (IFS) warns that UK public finances face significant challenges, including high interest payments on debt and low economic growth, making it difficult to reduce future debt. This issue looms over the election campaign as both Labour and Conservatives commit to debt reduction. The IFS urges an open discussion on how parties will address these financial challenges.