Fitch Ratings Global Economic Outlook: World growth may decline in 2024, US averts recession

New Delhi [India], December 9 (ANI): In its latest Global Economic Outlook (GEO) report, Fitch Ratings predicts a significant drop in world growth to 2.1 per cent in 2024, down from the robust performance in 2023.

According to Fitch Ratings, the report highlights the resilience of global growth in 2023, driven by the normalization of consumption in China and a resurgence in US growth.

However, looming challenges such as C