Fitch: Global GDP to grow by 6.1% this year

Fitch: Global GDP to grow by 6.1% this year
  • Clock-gray 10:27
  • calendar-gray 18 March 2021

Global growth prospects are improving as fiscal support is stepped up sharply, economies adapt to social distancing and vaccination rollout gathers momentum, APA-Economics reports citing the Agency.

Fitch Ratings now expects global GDP to expand by 6.1% in 2021, revised up from 5.3% in Fitch’s December 2020 Global Economic Outlook (GEO). Along with better-than-expected outturns in 4Q20 – particularly in Europe and emerging markets (EM) – we now expect world GDP to be 2.5% higher this year than in 2019.

The agency expects US GDP growth to be 6.2% in 2021 (revised up from 4.5%), China at 8.4% (from 8.0%), the eurozone at 4.7% (unchanged) and EM excluding China at 6.0% (up from 5.0%).

 
 

Mirsaid İbrahimzade

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