Bank Of Baku

Fitch Rating downgrades forecast on world economy

Fitch Rating downgrades forecast on world economy
# 03 August 2011 12:04 (UTC +04:00)
Baku. Nijat Mustafayfve – APA-Economics. Fitch Rating Agency downgraded the forecast on world economy for 2011, Fitch Rating’s Global Economic Outlook reported.

The Agency has downgraded the forecast n world economy for 2011 by 0.1 percentage point to 3.1%, while it was 3.2 %, before. The agency has raised the forecast on world economy for 2012-2013 to 3.4% from 3%.

The growth rate of world economy will be related with weakening of regional economy.

In general, the leading power of the world economy in 2011 will be developed countries. But, these countries forecasts on GDP decreased. This was caused by making of the monetary-loan policy firmly in the condition of inflation.
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