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Fitch Ratings Raises Global Economic Growth Expectations, But Signs of US Economic Slowdown Evident
Summary: According to Jinshi News, Fitch Ratings raised its global GDP growth expectations on Tuesday, forecasting a decrease from last year's 2.9% to 2.4% this year, further slowing 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 are evident in hard data, ...
According to Jinshi News, Fitch Ratings raised its global GDP growth expectations on Tuesday, forecasting a decrease from last year's 2.9% to 2.4% this year, further slowing 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 are evident in hard data, with expectations of the Federal Reserve cutting interest rates by 25 basis points at the September and December meetings, and three more cuts next year.
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Link: Fitch Ratings Raises Global Economic Growth Expectations, But Signs of US Economic Slowdown Evident [Copy]
