Fitch Raises Global Economic Growth Forecast, but Signs of U.S. Slowdown Are Evident
According to ChainCatcher, citing Golden Ten Data, Fitch raised its global GDP growth forecast on Tuesday, predicting that this year's global economic growth rate will decline from last year's 2.9% to 2.4%, and will further slow to 2.3% next year. Fitch's Chief Economist Brian Coulton pointed out that signs of a slowdown in the US economy and job market have already appeared in hard data, and it is expected that the Federal Reserve will cut interest rates by 25 basis points each at its September and December meetings, with three more rate cuts expected next year.
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