2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5%
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4%
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4.8%
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3%
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Detailed explanation-1: -Fitch Ratings has retained India’s GDP growth forecast at seven per cent for 2022-23. However, GDP growth projection for 2023-24 and 2024-25 has been revised downwards to 6.2 per cent and 6.9 per cent, respectively.
Detailed explanation-2: -Fitch Ratings 2022 Mid-Year Outlook: U.S. Not-For-Profit Hospitals and Health Systems. Fitch’s Sector Outlook: Deteriorating Fitch expects that sector conditions will remain challenged for the remainder of 2022, as labor pressures and generationally elevated inflation compress margins for most providers.
Detailed explanation-3: -Fitch Ratings has lowered its forecast for growth in the U.S. to just 0.2% in 2023, after lower-than-expected growth in 2022 of 1.9%. The Canadian economy retains more momentum but will follow a similar path with growth slowing to 0.6% in 2023 after a solid posting of 3.5% in 2022.
Detailed explanation-4: -Fitch now expects world GDP to grow by 1.4% in 2023, revised down from 1.7% in the September Global Economic Outlook (GEO). Fitch has lowered its 2023 growth forecasts both for the US to 0.2%, from 0.5% – as monetary policy is tightened more rapidly – and also China to 4.1% from 4.5%.