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- Fitch has improved its forecast for the global economy for 2020
Fitch has improved its forecast for the global economy for 2020
The international rating agency Fitch has revised upward the forecast for global economic growth for 2020.
This decision was influenced by the recent signing by the United States and China of an agreement in the first phase of a trade dispute settlement.
Now, Fitch analysts expect the global economy to add 2.6% this year, as it did a year earlier. The agency's previous forecast suggested that global GDP would grow by 2.5% this year.
However, experts warn that "the consequences of the transaction for the global economy will depend on how its conditions are met."
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