Fitch increases the forecast of world growth to 2.4% in 2025

The early projection of GDP increased from 4.2% to 4.7% in China, from 0.8% to 1.1% in the euro area and 1.6% in the United States

THE Fitch assessments He has moderately raised his world growth forecasts to 2025, based on best data than expected for the second quarter of this year. However, there is now evidence of a deceleration in the United States, based on “concrete” economic data, and Fitch expects the Gross domestic product (GDP) All over the world slows down this year.

Global growth should now be 2.4% by 2025, with an increase of 0.2 percentage points compared to the previous June ratio, but a considerable cooling compared to 2.9% last year. The forecast for China It was increased to 4.2% to 4.7%, the euro area to 0.8% to 1.1% and in the United States from 1.5% to 1.6%.

“A greater clarity on the increases in the US rates does not change the fact that they are enormous and will reduce global growth. And proof of a slowdown in the United States now appears in concrete data; it is no longer only in feeling polls,” says Fitch’s Brian Courton.

According to the risk classification agency, the highest inflation will implement the actual growth of wages and weighs on the expenditure of US consumers, which have already slowed significantly in 2025. “The growth of employment has also cooled, partially reflecting the impact of the restriction of immigration to the growth of the workforce”, he adds.

Fitch also provides that the average annual growth rate of the United States will remain well below the trend of 1.6% next year.

Source: Terra

Rose

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