Fitch cuts world growth forecasts as inflation soars due to Ukraine war

Malaysia News News

Fitch cuts world growth forecasts as inflation soars due to Ukraine war
Malaysia Latest News,Malaysia Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Fitch cuts world growth forecasts as inflation soars due to Ukraine war Growth Inflation Ukraine RatingAgencies GDP

“Eurozone GDP growth cut by 1.5pp to 3.0% and the US by 0.2pp to 3.5%.”"This reflects the drag from higher energy prices and a faster pace of US interest rate hikes than anticipated.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Two states temporarily suspend gas tax to ease drivers’ burden at pumpTwo states temporarily suspend gas tax to ease drivers’ burden at pumpTwo states have temporarily suspended their gas tax as prices as the pump have soared in the US amid inflation and Russia’s war with Ukraine.
Read more »

With gas prices soaring over the Ukraine war, here's a plan to cut oil consumptionWith gas prices soaring over the Ukraine war, here's a plan to cut oil consumptionFrom cutting highway speed limits to launching car-free Sundays in big cities, the International Energy Agency proposes to cut the demand for oil by as much as 2.7 million barrels per day.
Read more »

European stocks head for lower open as Ukraine war, inflation weigh on sentimentEuropean stocks head for lower open as Ukraine war, inflation weigh on sentimentEuropean stocks are expected to open lower on Tuesday as investors continue to monitor the war in Ukraine and economic developments in the U.S.
Read more »

These two states passed gas tax suspensions. More may followThese two states passed gas tax suspensions. More may followAs inflation and Russia's war on Ukraine force consumers to pay more at the pump, some states are temporarily suspending their gas tax — and others may follow.
Read more »

Ukraine war may cut auto production by 5 million vehiclesUkraine war may cut auto production by 5 million vehiclesA closely watched auto-industry forecaster lopped more than 5 million cars off its projections for global production this year and next, largely due to fall
Read more »



Render Time: 2025-03-06 23:13:25