New Delhi, Sept. 10 -- Fitch Ratings has revised its global GDP growth forecast moderately upward to 2.4 per cent for 2025, an increase of 0.2 percentage points from the June outlook.

However, the agency warned that the world economy will still face a slowdown compared to 2.9 per cent growth recorded last year, with the United States showing clear signs of weakness.

It stated "Global growth is now forecast to be 2.4 per cent in 2025, up 0.2pp since June...... US Slowdown Now Evident in 'Hard' Data"

The report expects the US economy to grow at an annual average of just 1.6 per cent, well below trend, even though a widening fiscal deficit may provide some support in 2026.

The latest Global Economic Outlook report noted that global growt...