Fitch revises down global economic growth forecast
Fitch Ratings Ltd yesterday revised downward its global economic growth forecast to 2.6 percent for this year, from the 3.1 percent growth it estimated in July, citing a weaker-than-expected growth in major advanced economies during the second quarter.
Fitch is forecasting that real GDP could grow around 7.5% in 2012-13, up from an estimate of 7% in 2011-12,'' the rating agency said in its global economic outlook.