India’s reforms could support medium-term growth

Newsroom24x7 Network Hong Kong: Fitch Ratings believes that the revival of the central government’s reform agenda in response to the coronavirus pandemic shock has the potential to raise India’s medium-term growth rate. Nevertheless, there are also downside pressures to growth and it will take time to assess whether the reforms are implemented effectively. In recent… Read More India’s reforms could support medium-term growth

Indian Automakers’ Challenges to Persist After Weak 1Q: Fitch Ratings

Mumbai/Singapore: Subdued demand conditions that led to weak performance by Indian automakers in the first quarter of the financial year ending 31 March 2020 (FY20) will likely persist, adding to the challenges from the implementation of stricter emission norms under BS6 from April 2020, says Fitch Ratings. Most auto OEMs reported lower volumes and profitability… Read More Indian Automakers’ Challenges to Persist After Weak 1Q: Fitch Ratings

US-China Trade War Escalation Could Knock 0.4pp Off World GDP by 2020: Fitch Ratings

Newsroom24x7 Network The imposition by the US of 25% tariffs on the remaining USD300 billion of imports from China would reduce world economic output by 0.4pp in 2020, Fitch Ratings says. Global GDP growth would slow to 2.7% this year and 2.4% next year, compared with our latest “Global Economic Outlook” baseline forecasts of 2.8%… Read More US-China Trade War Escalation Could Knock 0.4pp Off World GDP by 2020: Fitch Ratings