Fitch Ratings Adjusts FY27 Growth Forecast Amid Geopolitical and Inflationary Pressures
Fitch Ratings has downwardly revised its economic growth projection for the 2027 fiscal year to 6.4%, marking a significant deceleration from the 7.4% growth rate anticipated for fiscal year 2026. The credit rating agency cited a volatile combination of escalating geopolitical tensions in the Middle East and persistent inflationary pressures as the primary catalysts for…