Fitch warns of declining global GDP amid rising oil prices
after close1 source ↓written by the desknot a recommendation
- in global real
- 0.8% decline
Fitch Ratings reported that the ongoing conflict in Iran has led to rising oil prices, contributing to a projected 0.8% decline in global real GDP over the next four quarters. This economic outlook may pressure stock markets, as investors react to potential inflationary impacts and geopolitical tensions. 📉
Not investment advice. For informational purposes only.