Slowing global growth will cast a shadow in NZ

Fitch Ratings says the lockdown in Shanghai will cause China’s GDP to fall. (Image: Getty)

Wed, 15 Jun 2022

Fitch Ratings pared back its growth forecasts for New Zealand’s main trading partners and is more downbeat about global output as inflation pressures intensify.The weaker trading partner growth may cast a shadow over NZ’s economic output, with the latest steer on the gross domestic product (GDP) and the current account due this week. According to Fitch Ratings, 2022 global growth will come in at 2.9%, down from the 3.5% it forecast in March. China forecasts loweredIts biggest revision was for China, where it expected the...

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