Fitch downgrades global GDP forecast due to pandemic-related setbacks ...News

Russia Today - Economy
Fitch downgrades global GDP forecast due to pandemic-related setbacks
source : Russia Today ( News ) () 14
Fitch Ratings has trimmed its outlook for global economic recovery for 2021, citing supply-chain disruptions caused by the Covid-19 pandemic that is still affecting many countries. The world’s gross domestic product (GDP) is expected to grow by 6% in the current year, according to the agency’s Global Economic Outlook report for September. The new figure is down from Fitch’s 6.3% forecast made in June. “Supply constraints are limiting the pace of recovery,” the report says. “A greater share of demand growth is being reflected in price increases and US inflation forecasts have been revised up again.” Also on r

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