Date: 7 months ago   Category: Economy

Fitch has lowered the forecast for growth of world GDP in 2019 because of "trade war" of the USA and China — Rambler News Service


Photo: ImageStockArt/face to face/globallookpress.com the International rating agency Fitch has lowered the forecast for growth of world GDP in 2019 because of "trade war" of the USA and China on 0,1 items — to 3,1%, it is told in materials of the agency. "Trade war is a reality. Recently announced duties of the USA on the goods imported from China on the sum of $200 billion will have significant effect on global growth and though we by this moment have already included shock from 25% of duties in our basic forecast, risks of deterioration in our forecasts have increased" — words of the chief economist of the agency Brian Colton are cited in the message. According to the forecast of the agency, because of "considerable escalation in trade relations of China and the USA", the forecast for GDP growth of China in 2019 is lowered by 0,2 items — up to 6,1% whereas the forecast for world GDP growth has decreased by 0,1 items — up to 3,1%. At the same time in Fitch have noted that the short-term prospects of growth remained invariable — the agency predicts that growth of world GDP in 2018 will be 3,3%.

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