Rating agency Fitch cuts global growth forecast, sees RECESSION in UK & US close
European wholesale gas and electricity prices have risen nearly tenfold. Fitch now expects world GDP to grow by 2.4% in 2022 - revised down by 0.5 percentage point since the June estimate - and by just 1.7% in 2023, a cut of 1% point.
Sep 15, 2022, 09:49 AM IST
Japan PM Shinzo Abe delays tax hike in blow for Abenomics
Tokyo: Japanese Prime Minister Shinzo Abe on Wednesday said he would delay a sales tax hike that threatened to derail the fragile economy, but analysts said it highlighted the failure of his years-long efforts to spark growth.
