Global economy to contract 4.4%, China to grow at 2.7% in 2020: Fitch

In its September update to the Global Economic Outlook (GEO), Fitch Ratings cut its 2020 GDP forecast for emerging markets, excluding China, to (-)5.7 per cent, from (-)4.7 per cent estimated in June, mainly on account of a huge downward revision to India GDP forecast for the financial year ending March 2021.

from Economy-News-Economic Times https://ift.tt/3jVjcMM