“Fitch Ratings has pared back its forecasts for global GDP growth to 2.1%, citing “persistent weakness” in the global recovery. That is down from Fitch’s June view of 2.2%. For 2013, the forecast was reduced to 2.6% from 2.8%.
Fitch lowered its 2013 GDP growth expectations for the United States to 2.3%, but kept its 2012 forecast at 2.2%. Persistently high unemployment and the uncertainty surrounding fiscal policy are expected to continue to challenge the U.S. economy.”
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