Fitch: inflationary pressures will slow global economic growth this year

By: Trademagazin editor Date: 2022. 06. 15. 11:19

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The global economy is likely to grow at a much slower-than-expected pace this year due to the demand-driven effects of intensifying global inflationary pressures and renewed Chinese restrictions on coronavirus, Fitch Ratings said in its new quarterly global forecast in London.

Inflationary pressures and Chinese restrictions slow global economic growth this year

In its 35-page forecast package, the international credit rating agency expects global economic growth of 209 percent for 2022 as a whole, which is 0.6 percentage points slower than its previous forecast released in March. (Kertész Róbert, MTI)