Trademagazin > News and articles > Market News > Fitch: we must prepare for this year’s deeper-than-expected global recession
Fitch: we must prepare for this year’s deeper-than-expected global recession
This year’s global economic recession will be much deeper than previously expected, including the still deepening crisis caused by the coronavirus pandemic in large emerging economies, including Russia, Brazil and India, Fitch Ratings announced in a comprehensive forecast presented in London on Wednesday.
In its 17-page monthly global economic forecast (GEO), the international credit rating said that it expects a 4.6 percent fall in global domestic product (GDP) by 2020 instead of the 3.9 percent decline in its previous forecast scenario. (Kertész Róbert, MTI)
Related news
A new era in the global economy? – New challenges for our country
May 2025 brought an acceleration of change in the global…
Read more >Investor survey: global business sector’s expectations for world economic growth this year are deteriorating markedly
The global business sector’s expectations for this year’s global economic…
Read more >In the Shadow of a Tariff War – Will American Protectionism Upend the Global Economy?
The trade conflict between the United States and China, which…
Read more >
More related news >
Related news
Lidl’s Húsfarm products get new packaging
In the spring Lidl’s private label Húsfarm range returns to…
Read more >Aldi to support young cancer patients in new tomato-led fundraiser
Aldi is joining forces with Teenage Cancer Trust in a…
Read more >Nestlé Announces Global Roll-Out Of Sinergity
Food giant Nestlé has announced the global launch of Sinergity,…
Read more >