Fitch: Inflation pressures to intensify, affect outlook - Breaking The News

Fitch: Inflation pressures to intensify, affect outlook

13 June

1 min read

EPA-EFE/ANDY RAIN

Global inflation pressures have intensified and will affect the global growth outlook, according to Fitch Ratings' Global Economic Outlook report for June published on Monday.

"Recent lockdowns in China are adding to global manufacturing supply-chain pressures. Energy and food supply disruptions from the Russia-Ukraine war are having a swifter impact on European inflation than expected," Fitch added.

Due to these circumstances, Fitch lowered the global economic growth forecast by 0.6 percentage points to 2.9%, led by a downgrade in China, while cutting the 2023 outlook by 0.1 percentage point to 2.7%.

inflation fitch

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