9/16, 5:03 PM (Source: TeleTrader)
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Fitch revises down global GDP growth in 2021 to 6%

Fitch Ratings said on Thursday that the global economic recovery could be reaching its maximum available speed, as supply issues still halt the expansion of industrial production and create inflationary pressures.

"These pressures should ease significantly in 2022 as demand growth moderates and supply responds. But price pressures are shifting the tone of the policy debate. Fiscal and monetary policy support for growth will start to wane next year," Fitch Chief Economist Brian Coulton commented in the company's latest Global Economic Outlook.

Commenting about the economic growth for this year, Fitch revised down in its report global economic growth from 6.3% to 6% in 2021, with both the United States and China suffering negative changes. On the other hand, the GDP forecasts of the Eurozone and Russia for this year were slightly pushed upward.

Breaking the News / ND