ISLAMABAD: The global economic recovery will strengthen and become more sure-footed from the middle of next year as coronavirus vaccines are rolled out and social distancing starts to unwind, says Fitch Ratings in its latest Global Economic Outlook (GEO).
As per details, Fitch now expects world GDP to fall by 3.7% in 2020 compared to 4.4% in the September.
This is despite the expectation of renewed falls in GDP in 4Q20 in the eurozone and the UK – following the recent tightening of restrictions – and reflects the fact that global activity rebounded much more quickly than expected in 3Q20.
