02.07.2014 - Growth forecast for the world economy has worsened again
Fitch Agency today published a new forecast for global growth in the coming years. So, in 2014 the growth rate of the major developed countries will make 2.7% and 3.1% in 2015-16, respectively. In 2013, according to analysts, the growth was 2.4%. As a result, we saw that the agency lowered its growth forecast for the current year by 0.2% and by 0.1% in the next 2 years.
The agency also drew attention to the risks for the global economy. The main risks among them are deflation in the euro area, as well as the tightening of monetary policy by the Federal Reserve System of the USA, which can lead to increased volatility on financial markets. The forecast on GDP growth in the U.S. this year was reduced by 0.8% to 2.0% due to the decline of GDP in the 1st quarter of this year.
We expect a significant correction on the stock markets of America and Europe in the medium term.
Wish you the profits!
FXFINPRO Capital Analytical department.