Fitch revised the outlook for global economic growth

Global economy continues to recover

In brief: International rating agency Fitch Ratings published its next quarterly Global Economic Outlook forecast.

International rating agency Fitch Ratings revised the outlook for global growth in 2010 upwards to 3.1% from 2,8%, which were cited in the prediction of three-month prescription. This information is covered in the next quarterly Global Economic Outlook forecast.

Particularly, the document notes that the global economy continues to recover. The outlook revision is caused by more vigorous economic growth in Japan and the BRIC (Brazil, Russia, India, China), noted in the I quarter of this year. However, forecasts for the growth of developed economies in the U.S., Eurozone and the UK are left by the agency without changes. According to agency experts, the growth of world GDP in 2011 will be 2,9%, and in 2012 – 3,3%. “Anxiety caused by the risk of the European fiscal and debt crisis negatively affected the level of consumer confidence and disturbed global markets. Nevertheless, despite the high probability of a second wave of recession in the developed economies of Europe it is unlikely that it will bring reductions in budget deficits”- noted the general manager of Fitch’s sovereign ratings, Brian Kulton.

Olga Bespalova
2010-07-01 17:56, Economics.

News on: , , , , , , , , , , , , ,

One comment к “Fitch revised the outlook for global economic growth”

  1. eng-admin Says:

    Pollyanna Ratings, as usual.

Post a comment

E-