Fitch Ratings has cut US growth to 1.7 per cent in 2025 and 1.5 per cent in 2026, with world growth slowing to 2.3 per cent.
Rising US tariffs will push the Effective Tariff Rate to 18 per cent.
Mexico and Canada face recessions, while Germany and China’s fiscal easing may soften the blow.
Fed rate cuts are delayed as economic uncertainty and policy shifts weigh on global markets.
Rising US tariffs will push the Effective Tariff Rate to 18 per cent.
Mexico and Canada face recessions, while Germany and China’s fiscal easing may soften the blow.
Fed rate cuts are delayed as economic uncertainty and policy shifts weigh on global markets.
