November 05, 2008 at 12:05 PM EST
Fitch Forecasts Major Global Recession for 2009
Fitch Ratings predicts that the world’s major advanced economies - US, UK, Euro area and Japan - will next year experience the steepest decline in GDP since World War II. In aggregate GDP growth in these countries is expected to be (minus) -0.8% in 2009, compared to an estimated 1.1% for 2008, Fitch says in [...]
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