-
Further Economic Forecast Cuts but Global Recession Bottoming Out
Fitch Ratings has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO), but the slump in global economic activity is close to reaching its trough. "World GDP is now forecast to fall by 4.6% in 2020 compared to a decline of 3.9% predicted in our late-April GEO. This reflects downward revisions to the eurozone and the UK and, most significantly, to emerging markets (EM) excluding China," said Brian Coulton, Chief Economist, Fitch Ratings. Fitch now expects eurozone GDP to fall by 8.2% in 2020 compared to a contraction of 7.0% in our previous GEO. This reflects incoming data that point ... (full story)
-
FITCH RATINGS: WORLD GDP IS NOW FORECAST TO FALL BY 4.6% IN 2020.
— Breaking Market News (@financialjuice) May 26, 2020
-
FITCH RATINGS: WE NOW EXPECT EURO-ZONE GDP TO FALL BY 8.2% IN 2020.
— Breaking Market News (@financialjuice) May 26, 2020
-
FITCH RATINGS: WE NOW EXPECT THE UK ECONOMY TO CONTRACT BY 7.8% THIS YEAR.
— Breaking Market News (@financialjuice) May 26, 2020
- Comments
- Subscribe
- Comment #1
- Quote
- May 26, 2020 9:48am May 26, 2020 9:48am
- kingleeny
- Joined Jul 2014 | Status: Member | 1479 Comments
- Comment #2
- Quote
- May 26, 2020 9:55am May 26, 2020 9:55am
- swing77
- Joined Oct 2015 | Status: Ltf market | 1510 Comments
- Comment #3
- Quote
- May 26, 2020 10:38am May 26, 2020 10:38am
- lakhan
- | Joined Jun 2013 | Status: Member | 61 Comments
- Comment #4
- Quote
- May 26, 2020 11:30am May 26, 2020 11:30am
- Jade Gate
- Joined Oct 2008 | Status: Member | 158 Comments