Seldik

Main Menu

  • Home
  • Indonesian Army
  • Air Force
  • Indonesian Navy
  • Indonesian Army Funding
  • Indonesia Growth Rate

Seldik

Header Banner

Seldik

  • Home
  • Indonesian Army
  • Air Force
  • Indonesian Navy
  • Indonesian Army Funding
  • Indonesia Growth Rate
Indonesia Growth Rate
Home›Indonesia Growth Rate›Fitch boosts growth and inflation expectations

Fitch boosts growth and inflation expectations

By Kimberly Carbonell
June 15, 2021
0
0

“We have raised our growth forecasts for 2021 for most developed economies, with the United States revised to 6.8% from 6.2%, the euro area to 5.0% from 4.7% and the United States United at 6.6% vs. 5.0%, “Fitch said, noting that Japan is the only major economy to see a downward revision (to 2.5% vs. 3.6% in the previous outlook) .

Fitch’s forecast for China is unchanged at 8.4%, but its call for other emerging markets was reduced to 5.9% from 6.0% due to lower forecast for India, the Indonesia and Turkey – although this was partly offset by upward revisions for Brazil, Mexico, South Africa and Korea.

Against the backdrop of a faster recovery, inflation is rising, but Fitch expects this to be temporary as growth slows in 2022.

“Slower growth, supply adjustments in bottleneck sectors, a return to the consumption of services and the mitigation of the effects of US fiscal stimulus are expected to lead to lower inflation rates. in 2022, ”Fitch said, noting that he expects global growth to slow to 4.3% soon. year.

Fitch expects U.S. consumer inflation to hit 4.1% by the end of 2021, falling to 2.2% by the end of 2022, before rising to 2.5% in 2023 “as production exceeds its potential after the labor market fully recovered in late 2022.”

The rating agency also expects the US Federal Reserve to raise rates in the fourth quarter of 2023, a year earlier than its previous expectations.

“The [European Central Bank] will not track and likely continue asset purchases until 2023, as eurozone inflation remains below target, ”Fitch said.

Related posts:

  1. Kennedy Funding Closes $ 1.5 Million Loan to Acquire Former Temple U. Arts Campus
  2. Storm Smart CEO refuses PPP loan
  3. Cannot Extend Loan Moratorium As It Could Affect Credit Discipline: RBI to SC
  4. New HRSA loan repayment program to support treatment of substance use disorders in underserved communities

Categories

  • Air Force
  • Indonesia Growth Rate
  • Indonesian Army
  • Indonesian Army Funding
  • Indonesian Navy

Recent Posts

  • DVIDS – News – History of the Air Force: more than just a heritage
  • UPDATE – Indonesian Navy deploys 400 troops to assist earthquake victims in West Java – Admiral
  • Why the KF-21 fighter jet could be a game-changer in Asia
  • ICAPP elects Mushahid Hussain as Co-Chair
  • FY24 budget to increase spending on health and education

Archives

  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021
  • Privacy Policy
  • Terms and Conditions