Forex News May 16, 2022

 

Ratings

  • Fitch Ratings expects the global fiscal recovery to slow in 2022 and 2023.
  • According to Fitch Ratings, the global fiscal recovery in 2021 that followed the Covid-19 shock in 2020 has slowed sharply, owing to higher commodity prices, rising inflation in general, higher borrowing costs, slowing real GDP growth, and the war in Ukraine.
  • Fitch ratings predicts a slower global fiscal recovery in 2022 and 2023.
  • Fitch says the global fiscal recovery in 2021 that followed the covid-19 shock has slowed sharply, because of higher commodity prices and rising inflation, among others.
  • Fitch says that in 2021, the global fiscal recovery will be affected by increased borrowing costs, slowing real gdp growth, and war in Ukraine.
  • Fitch says policy interest rates are increasing, and fitch believes this ends the era of very low government borrowing costs.

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