Fitch: Global Growth Steady if Oil Price Shock is Brief

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Fitch: Global Growth Steady if Oil Price Shock Short-Lived; 2026 Forecast Upgraded

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News18•15-03-2026, 15:45

Fitch: Global Growth Steady if Oil Price Shock Short-Lived; 2026 Forecast Upgraded

•Fitch Ratings' March 2026 Global Economic Outlook projects steady global growth if the current oil price shock is not prolonged.
•World growth forecast for 2026 revised up to 2.6% from 2.4%, supported by AI investment and US fiscal deficits.
•US GDP growth for 2026 projected at 2.2%; Eurozone at 1.3%; China expected to slow to 4.3%.
•Fitch raised its 2026 average crude oil price forecast to USD 70/barrel (Brent) from USD 63.
•Adverse scenario: sustained USD 100/barrel oil would cut world GDP by 0.4% and boost Europe/US inflation.

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