FX.co ★ Fitch Cuts Global Growth Outlook

Fitch Ratings has revised its global growth forecast downward, predicting the weakest economic expansion since 2009, excluding the pandemic period. This year's growth is expected to drop below 2% due to intensifying global trade tensions. The ratings agency has decreased its global growth projection by 0.4 percentage points for this year, while also reducing its growth estimates for China and the U.S. by 0.5 percentage points compared to its earlier forecast in March. The United States is now anticipated to see annual growth slowing to 1.2% this year, further declining to just 0.4% year-over-year by the fourth quarter of 2025. According to Fitch, China's growth is projected to fall below 4% this year and the next, whereas the eurozone's growth will persistently remain below 1%.