Fitch Ratings forecasts the global economy will grow by just 2.3% in 2015, the weakest since the global financial crisis in 2009, Fitch posted on its site, RBC-Ukraine (РБК-Украина) reports.
According to ratings agency, the global economy was dragged down by a recession in Brazil and Russia and a structural slowdown in China and many emerging markets (EM). Growth in major advanced economies (MAEs) is forecast to strengthen to 2% in 2016, the fastest since 2011.
Although the Fed left its key interest rate unchanged at its September meeting we still expect the Fed to start the global monetary tightening cycle before end-2015, the agency said in its message.
As per Fitch forecast, the US average key interest rate will stand at 0.8% in 2016 and 1.6% in 2017.
