... Ratings' latest forecast is for world GDP to grow by 2.7% in 2015 and 3.0% in 2016, up from 2.5% in 2014. Growth will accelerate this year in all of the three largest advanced economies for the first time since 2010. Emerging markets will continue to slow, due primarily to recession in Russia and Brazil and the structural adjustment in China. Overall, the global growth outlook has weakened marginally for 2015 since December's Global Economic Outlook (GEO). Strong US Growth Continues: Fitch forecasts the US economy to grow 3.1% in 2015 and 3.0% in 2016, unchanged since December. Private consumption will remain the key growth driver, supported by lower oil prices, higher household disposable income and a strengthening labour market. Export performance will remain constrained by USD appreciation. Eurozone Reached Turning Point: The drop in oil prices, quantitative easing (QE), weaker euro and rising confidence support a strengthening recovery...
