Oil price rise would hit 2024 global growth, inflation outlook: Fitch
New Delhi [India], November 12 (ANI): Higher-than-expected oil prices in a scenario where the ongoing Middle East conflict disrupts oil supply would cause lower economic growth and higher inflation, according to Fitch Ratings.
According to the rating agency, world GDP growth would be 0.4 percentage points lower in 2024, but only 0.1 percentage points lower in 2025, although the absence of a significant rebound suggests th