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- Fitch Ratings cuts its global economic outlook for 2015
Fitch Ratings cuts its global economic outlook for 2015
Fitch Ratings cut its global economic outlook for 2015. The global growth is expected to be 2.3% in 2015, down from June estimate of a 2.4% increase, and 2.7% in 2016, down from June estimate of a 2.9% rise. The growth in 2015 would be the weakest growth since the global financial crisis in 2009.
The downward revision was driven by a slowdown in emerging economies.
Fitch expects the U.S. economy to expand 2.5% in 2015 and 2016, and 2.3% in 2017. The agency noted that it expect the Fed to start raising its interest rates by the end of the year.
Eurozone's economy is expected to grow at 1.6% over the 2015 to 2017 period.
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