...The world economy appears to be close to the trough of the deepest recession since WW2. The last three months have seen the emergence of significant signs of stabilisation, most notably in the banking sector and in a widespread recovery in financial markets, but also in business and consumer sentiment. This reflects growing recognition that massive and coordinated macroeconomic and financial sector policy responses should gain traction in mitigating the severity of the de leveraging process and drive a return to positive growth rates in the second half of 2009. While Fitch Ratings' latest forecasts for world growth in 2009 as a whole have been revised down slightly since the March "Global Economic Outlook" (GEO), this primarily reflects weaker than expected GDP in Q109. World activity is forecast to expand by 1.4% next year, unchanged from the March GEO forecast, with an upward revision to US growth offset by a downward revision to the euro area. More significantly, the downside risks surrounding...
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| Company(ies): | Government of Japan, Government of France, Government of Sweden, Government of Russia, Government of Finland, Government of Lithuania, Government of Canada, Government of Netherlands, Government of Brazil, Government of Switzerland, Government of Spain, Government of Belgium, Government of Romania, Government of Czech Republic, Government of India, Government of United Kingdom, Government of Bulgaria, Government of China, Government of Denmark, Government of Australia
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