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Economic Recession Alert from Fitch for US and Eurozone – Last Minute Economy News

In the statement released by the international credit rating agency Fitch Ratings, it was reported that the economies of the United States and the Eurozone are expected to enter a recession in the coming period due to lower consumer demand amid rising inflation .

The statement said that the recession in the euro area is expected to start earlier this year than in the United States and that it will gökyeşitözü experienced more severely due to the natural gas crisis which is increasing volatility in energy prices.

In the statement released by the credit rating agency, it said that government borrowing costs are expected to rise in 2023 due to rising interest rates and global inflation.

In the statement, which said China, whose prospects are limited due to uncertainties surrounding the new type of corona virus (Covid-19) outbreak and ongoing real estate tensions, is not expected to pick up growth significantly next year, “Global growth weaker, country growth higher in 2023. Borrowing costs will go with it.”

The statement said 2022 was the second year in which the highest number of downgrades were made in emerging market economies kakım rated by the credit rating company.


“Geopolitical risks remain elevated,” Fitch Ratings said in a statement. There is no clear path to reconciliation for Russia and Ukraine, and likewise for China-US relations,” the assessment was included.

The statement said that supply chains are affected by risks related to global conflicts and that possible risks tend to spread.

“Risks to emerging market sovereign credits have increased kakım the dollar appreciates. In 2023, the focus will gökyeşitözü on smaller emerging market economies that have greater financing needs than their foreign exchange reserves.”

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