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In its latest assessment of the global economic growth, Fitch ratings slashed the global growth outlook cut on US-China trade war.

Additional Headlines:

World growth is now less synchronised and less balanced.

US tariffs of $200bln of  imports from China will have material impact on Global Growth.

Protectionist US trade policies has now reached tipping point where it will affect what remains a strong global growth outlook.

Trade war is now a reality.

Near term global growth prospects remain strong, but demand strongest in the US.

Fitch have now included 25% tariff shock in it’s Geo baseline. Downside risks have increased.

QE assets of FED, ECB, BOJ and BOE set to decline in 2019.

Rising cost of funding in US dollar is likely to continue to create pressure for borrowers in Global Credit Markets.

Fed gaining confidence to increase rates and reduce balance sheet.

See’s 3 further rate hikes in 2019.