...Eurozone Sovereign Ratings Stabilise: Global sovereign rating actions exhibited an improving trend in 1H14, following the easing of downward pressure in 2H13. This improvement reflected principally the stabilisation and improvement of developed-market (DM) sovereign ratings and Outlooks in the eurozone, supported by improvements in fiscal positions and macroeconomic performance of the deficit countries as they continue to recover from deep recessions. The picture for emerging-market (EM) sovereign ratings was more mixed. Global Growth Strengthening: Fitch Ratings forecasts global economic growth to accelerate gradually from 2.4% in 2013 to 2.7% in 2014 and 3.1% in 2015 and 2016. Growth will largely result from a firmer and more balanced recovery across DMs, although weak world trade and higher oil prices add to risks. We forecast growth in EMs at 4.3% in 2014, 4.8% in 2015 and 4.9% in 2016, reflecting constraints from infrastructure bottlenecks, weak business environments and unbalanced...
