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Fitch Expects Global Economy to Slow Sharply w/ GDP Growth at 2.2% This Yr
2025-07-04 11:42:47 With recent easing in US-China trade tensions, Fitch Ratings has made a broad upward revision to its global economic growth forecast compared to the previous Global Economic Outlook released in mid-April. However, in its latest June edition of the Global Economic Outlook, Fitch noted that the world economy is still facing a sharp slowdown triggered by the most severe trade war since the 1930s. Fitch now forecasts global GDP growth at 2.2% for 2025, an upward revision of 0.3 ppts from the April edition of the Global Economic Outlook. It has also lifted its outlook for the US 2025 economic growth rate from 1.2% to 1.5%, believing that recession risks are receding. Because of signs of weakening final domestic demand, however, it expects consumer spending to slow in 2H25. ~ AAStocks Financial News Web Site: www.aastocks.com | |