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The agency projects that global economic growth will decelerate to 2.4% in 2026, which is slightly higher than the previous forecast of 2.3%.
Global GDP expanded by 2.9% in the year 2024.
Fitch stated that growth in information technology investment and rising wealth from a strong stock market are helping to counterbalance the adverse effects of higher import tariffs.
For this year, the agency has raised its forecast for US GDP growth to 1.8% from 1.6%, and for the eurozone to 1.4% from 1.1%. It expects the US economy to grow by 1.9% in 2026, while the eurozone is projected to grow by 1.3%.
Fitch also predicts that China's economic growth will reach 4.8% in 2025 and 4.1% in 2026.
In addition, the agency has significantly revised its growth forecast for India to 7.4% for 2025, up from 6.9%. This adjustment is attributed to robust consumer spending, lower inflation rates, and the anticipated relaxation of monetary policy by the Indian Central Bank.
source: bloomberg.com
Global GDP expanded by 2.9% in the year 2024.
Fitch stated that growth in information technology investment and rising wealth from a strong stock market are helping to counterbalance the adverse effects of higher import tariffs.
For this year, the agency has raised its forecast for US GDP growth to 1.8% from 1.6%, and for the eurozone to 1.4% from 1.1%. It expects the US economy to grow by 1.9% in 2026, while the eurozone is projected to grow by 1.3%.
Fitch also predicts that China's economic growth will reach 4.8% in 2025 and 4.1% in 2026.
In addition, the agency has significantly revised its growth forecast for India to 7.4% for 2025, up from 6.9%. This adjustment is attributed to robust consumer spending, lower inflation rates, and the anticipated relaxation of monetary policy by the Indian Central Bank.
source: bloomberg.com
