US GDP is forecast to see a growth of 0.6 per cent quarter-over-quarter in the first quarter of 2024, as per Fitch Rating s new nowcasting model.
In contrast, Germany is.
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Factories around the world sustained a brisk recovery in February amid signs the Omicron coronavirus variant was having less of an impact, but the Ukraine crisis has rapidly emerged as a risk to supply chains and is likely to exacerbate cost pressures. Strong international sanctions against Russia in response to its invasion of Ukraine have .
By Leika Kihara TOKYO (Reuters) - Asia's factories sustained a brisk recovery in February amid signs the coronavirus was having less of an impact of business, but the Ukraine crisis has rapidly emerged as a fresh risk that could disrupt supply chains and worsen cost pressures.
Fitch Ratings raised its forecast for China’s GDP to 8% growth next year, up from the 7.7% rate predicted in September, according to a report released Thursday.
The analysts pointed to expectations for greater recovery in domestic demand, and a better global environment as a coronavirus vaccine is deployed more widely in the second half of next year.
The upgrade to 8% growth falls within the range other analysts’ predictions.
BEIJING Fitch Ratings raised its forecast this week for China’s economic growth next year, based on increased domestic demand and expectations for coronavirus vaccine deployment.
Fitch now expects China’s gross domestic product to expand 8% in 2021, up from the 7.7% rate forecast in September.