Fitch projects growth rates of 6.5 per cent and 6.2 per cent for the fiscal years 2025-26 and 2026-27, respectively
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For 2024, Fitch has revised the outlook upwards for the eurozone significantly, with growth projections raised by 0.2 percentage points to 0.8 per cent
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The US ratings agency has projected growth of China to slow down at 4.5 per cent due to declining exports and reduced government spending.
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Fitch Ratings says, the upcoming budget in July is likely to offer clearer insights into the government's economic reform strategies and fiscal objectives for the next five years
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Fitch expects India's medium-term growth to hover around a trend estimate of 6.2 per cent through FY28, despite the slimmer majority
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The rating agency noted that the advisories being put out by the RBI concerning non-bank financial institutions (NBFIs) in the recent past have highlighted the compliance gaps in the sector
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The establishment of an independent and unbiased sovereign credit rating agency will offer numerous benefits to the Global South. Firstly, it will provide these nations with fair and accurate assessments of their creditworthiness, enabling them to access international capital markets on more equitable terms
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