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Fitch Raises 2025 Global Growth Forecast Amid US Trade War

9/18/2025

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Summary

Story summary

Fitch Ratings raised the global growth forecast for 2025 to 2.4%, down from 2.9% in 2024.
The US GDP growth forecast increased to 1.6%, with inflation expectations for 2026 at 2.6%.
Canada’s GDP is expected to grow by 1.1% in 2025, impacted by the US trade war and weak business investment.
The Bank of Canada may lower interest rates to stimulate growth amid moderating inflation.
The Canadian dollar faces mixed prospects due to weak domestic fundamentals.

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Story summary

Fitch Ratings raised the global growth forecast for 2025 to 2.4%, down from 2.9% in 2024.
The US GDP growth forecast increased to 1.6%, with inflation expectations for 2026 at 2.6%.
Canada’s GDP is expected to grow by 1.1% in 2025, impacted by the US trade war and weak business investment.
The Bank of Canada may lower interest rates to stimulate growth amid moderating inflation.
The Canadian dollar faces mixed prospects due to weak domestic fundamentals.