By Walter Grand in Economy —

Fitch: We have significantly and dramatically revised our inflation forecasts upward, especially for Europe in 2022

Fitch: We have significantly and dramatically revised our inflation forecasts upward, especially for Europe in 2022
Photo by Sara Kurfeß / Unsplash

Energy and food supply disruptions due to the Ukraine crisis are having a faster-than-expected impact on inflation in Europe.

We forecast a decline in U.S. growth to 1.5% in 2023 and 1.3% in 2024. US economic growth will slow to barely positive quarter-on-quarter from mid-2023 on the back of more aggressive monetary policy tightening, - Fitch Ratings