FXStreet (Mumbai) – The rating agency Fitch on Wednesday held its US GDP forecast unchanged at 2.5% in 2015 and 2016 and at 2.3% in 2017.
Fitch kept its Eurozone and UK economic forecasts unchanged as well. Meanwhile, Japan economy is expected to grow by 1.2% in 2016 from 0.2% 2015.
Meanwhile, Fed’s Dudley was on the wires stating assuring markets that the Fed will make sure the QE withdrawal does not roil markets. However, Dudley did state a high probability of the spike in volatility as the much anticipated “liftoff” gets closer.
(Market News Provided by FXstreet)