Fitch Cuts global growth forecasts; says India likely to grow at 7% instead of 7.8% this year
- The eurozone and UK are now expected to enter recession later this year and Fitch forecasts that the US will suffer a mild recession in mid-2023, Fitch said.
FILE - A driver looks at the petrol pump at a petrol station in London, Thursday, June 9, 2022. Britain’s new Prime Minister Liz Truss has pledged to rebuild the economy, but she faces a daunting job. Truss inherits an ailing economy on the brink of a potentially long recession, with record inflation and millions crying out for government help to cope with energy bills. (AP Photo/Frank Augstein, File)