Fitch: global economic growth slows this year to a seven-year low
The escalation of the US-China trade war is expected to slow global economic growth to a seven-year low this year and will further weaken next year – according to Fitch Ratings quarterly global forecast.
In its 36-page study (Global Economic Outlook, GEO), the international rating agency announced that it expects the global economy to grow by 2.6 percent in 2019, after 3.2 percent last year.
Fitch analysts point out that the growth they expect this year will be the slowest since 2012, when the most intense period of the debt crisis in eurozone the took place. (MTI, Kertész Róbert)
Related news
Producer prices in the euro area and the European Union decreased month-on-month and increased year-on-year in April
Producer prices in the eurozone and the European Union (EU)…
Read more >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 >Related news
Extreme summer, record heat: this is how chain stores are reacting to the heat
Budapest has never experienced such a high temperature as this…
Read more >K&H: Middle-aged people perceive inflation to be much more severe than the actual data shows
The inflation perception of middle-aged Hungarians continues to far exceed…
Read more >Inflation rose again in June – rising fruit prices are pushing up prices
Annual inflation rose to 4.6 percent in June, compared to…
Read more >