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In a statement released by the international credit rating agency Fitch Ratings, it was found that the recovery in global economic growth was faster than expected in the third quarter of this year and that the re-quarantine of European countries is expected to weaken the economic activity in the last quarter of the year.
The statement said the weaker economic recovery in Europe is expected to put pressure on global growth for next year, although the rating agency has kept China and the United States’ growth forecasts stable for 2021.
In the Fitch Ratings statement, it was noted that the US growth forecast for this year was reduced from minus 4.6% to minus 3.7%, while the growth forecast for 2021 was kept at 4. %.
In the statement, which stated that China’s economic growth forecasts for the end of this year were reduced from 2.7% to 2.3%, quarantine practices in France, Germany and the United Kingdom and more strict in Italy and Spain, especially in the service sector in Europe It has been argued that growth was expected to be suppressed.
In the credit rating agency’s statement, it was noted that the euro zone is expected to contract 4% quarterly in the fourth quarter of this year, while the growth forecast for 2021 has been reduced by 1 point to 4, 5%.
Brian Coulton, chief economist at Fitch Ratings, whose ratings were provided in the credit rating agency’s statement, said: “Schools continue to remain open. The manufacturing and construction sectors will continue to operate in France. We expect daily economic activity to be less suppressed in the coming period than in the spring period. ”He used the expressions.
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