Fitch Slashes Global Growth Forecast to 2.4% Amid Iran Conflict and Hormuz Closure
Published by WarSignal Editorial · Last updated
Fitch Ratings has lowered its global economic growth projection for 2026 to 2.4%, citing the ongoing conflict in Iran and the temporary closure of the Strait of Hormuz.
The credit rating agency said the war in Iran and the resulting disruption of oil traffic through the strategic waterway have dampened investor confidence and reduced commodity prices, prompting the downgrade.
The decision follows a series of geopolitical tensions that have strained global trade routes and highlighted the vulnerability of energy supplies.
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