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)