Fitch slashes global growth outlook amid escalating trade war
In a special update to its quarterly Global Economic Outlook, Fitch has cut world growth in 2025 by 0.4pp, and China and US growth by 0.5pp from the March edition.
In a special update to its quarterly Global Economic Outlook, Fitch has cut world growth in 2025 by 0.4pp, and China and US growth by 0.5pp from the March edition.
Trump tariffs will push prices higher on thousands of everyday goods, and that will fuel inflation at a time when it is already uncomfortably persistent.
Just as the US economy shows signs of slowing, Donald Trump is pushing forward with fresh tariffs. The consequences could be devastating.
Trump’s tariffs risk creating chaos for global trade, and US businesses and investors need to be ready.
Billionaires have outperformed global equity markets over the past 10 years, with the total global billionaire wealth increasing 121% to USD 14 trillion from USD 6.3 trillion.