Fitch Ratings sees world growth slowing to 2.3% this year amid global trade war

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KUALA LUMPUR: Fitch Ratings expects world growth to slow to 2.3 per cent this year, "well below trend" and down from 2.9 per cent in 2024, particularly after the new US administration sparked a global trade war.

Fitch Ratings sees world growth slowing to 2.

"Our latest economic forecasts assume a 15 per cent ETR will be imposed on Europe, Canada, Mexico, and others in 2025, and 35 per cent on China.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaChinaGermanyMexicoUnited StatesVietnam

Topics: Forecast Tariffs Economy GDP /Business/ Recession Trade Inflation Fitch Ratings

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 13:48:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Star

News ID: 27166218

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