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
German exports fell by 1.6 percent and imports by 6.2 percent in the first half of this year
Germany’s exports and imports decreased in the first six months…
Read more >The spread of bluetongue has accelerated in the Netherlands
The number of cases of bluetongue, which attacks ruminant animals,…
Read more >EU court: insurers must refund the price of organized trips canceled due to the coronavirus epidemic
Insurers of bankrupt travel agencies must reimburse the price of…
Read more >
More related news >
Related news
MOHU collected 700 million bottles in six months
By mid-November, 700 million bottles, jars and cans had been…
Read more >Billa Invests Over €56m In 2024 To Expand Presence In Bulgaria
Supermarket chain Billa has invested BGN 110 million (€56 million)…
Read more >SPAR International And Circana Announce Strategic Partnership
SPAR International, the food retail chain, has announced a key…
Read more >