Fitch: supply bottlenecks are slowing global wealth growth
Global supply performance is likely to grow more slowly this year due to seemingly persistent bottlenecks in supply-side supplier networks, Fitch Ratings said in a recent revised quarterly global forecast released in London on Wednesday.
The international credit rating said it expects a 5.7 percent increase in global gross domestic product (GDP) in 2021 as a whole.
Fitch stresses that this would also be the fastest pace of global economic growth since 1973 and would be far from stagflation, that is, stagnant growth accompanied by high inflation. (MTI)
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