Fitch Ratings predicts a 2.5% world growth in 2025, with an improved global GDP growth forecast of 2.4% for 2024. The Eurozone is stagnant due to Germany's recession, while China's property collapse continues. Fitch expects the US Federal Reserve and ECB to cut rates three times by year-end.
🔴 FITCH RATINGS: WE EXPECT BOTH THE US FEDERAL RESERVE AND THE ECB TO CUT RATES THREE TIMES, BY A TOTAL OF 75BP, BY THE YEAR-END.
🔴 FITCH RATINGS: CHINA'S PROPERTY COLLAPSE CONTINUES UNABATED AND HOUSING SALES NOW LOOK LIKELY TO FALL SHARPLY AGAIN THIS YEAR.
🔴 FITCH RATINGS: WE EXPECTS EXPECT FISCAL IMPULSE IN THE US TO FADE THIS YEAR AND HOUSEHOLD INCOME GROWTH TO SLOW.
FITCH: EXPECT BOTH US FEDERAL RESERVE AND ECB TO CUT RATES THREE TIMES, BY A TOTAL OF 75BP, BY YEAR-END FITCH: CHINA'S PROPERTY COLLAPSE CONTINUES UNABATED - HOUSING SALES NOW LOOK LIKELY TO FALL SHARPLY AGAIN THIS YEAR
❖ FITCH: EXPECT BOTH US FEDERAL RESERVE AND ECB TO CUT RATES THREE TIMES, BY A TOTAL OF 75BP, BY YEAR-END
🔴 FITCH RATINGS: THE EUROZONE CONTINUES TO STAGNATE, WITH GERMANY'S RECESSION WEIGHING ON FRANCE AND REST OF THE BLOC.
FITCH: NEAR-TERM WORLD GROWTH PROSPECTS HAVE IMPROVED AND FITCH HAS RAISED ITS 2024 GLOBAL GDP GROWTH FORECAST BY 0.3PP TO 2.4% FITCH: EXPECTS WORLD GROWTH IN 2025 TO EDGE UP TO 2.5%
🔴 FITCH RATINGS: WE EXPECT WORLD GROWTH IN 2025 TO EDGE UP TO 2.5%.
🔴 FITCH RATINGS: NEAR-TERM WORLD GROWTH PROSPECTS HAVE IMPROVED, AND FITCH HAS RAISED ITS 2024 GLOBAL GDP GROWTH FORECAST BY 0.3PP TO 2.4%.
World Growth Outlook Improves, But Inflation Is Showing Persistence - @FitchRatings https://t.co/h5b5tNbu93
🔴 FITCH RATINGS: THE WORLD GROWTH OUTLOOK IMPROVES, BUT INFLATION IS SHOWING PERSISTENCE.
FITCH RATINGS: WORLD GROWTH OUTLOOK IMPROVES, BUT INFLATION IS SHOWING PERSISTENCE
CURRENTLY THERE IS A 3% CHANCE THAT THE FED WILL START CUTTING INTEREST RATES NEXT WEEK