However, for 2025, Fitch expects world growth to edge down to 2.4 per cent as US growth slows to a below-trend rate of 1.5 per cent and growth in the Eurozone picks up to 1.5 per cent
Fitch (Photo: Wikipedia)Puneet Wadhwa New Delhi
Fitch Ratings has revised upwards its growth forecast for the global economy to 2.6 per cent from the earlier projected 2.4 per cent in the March 2024 Global Economic Outlook. The revision comes in the backdrop of a renewed confidence in European economy, an improvement in China’s export sector and domestic demand in emerging markets (EMs), excluding China, shows stronger momentum.
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“We have raised our forecast for world growth in 2024 to 2.6 per cent from 2.4 per cent in the March 2024 Global Economic Outlook. We have revised up Eurozone growth by 0.2 percentage points (pp) to 0.8 per cent; China’s…
