BRIEF-Fitch says global macro risks deteriorate post-Brexit
July 27 (Reuters) - Fitch:
* Global macro risks deteriorate post-brexit
* Brexit is likely to amplify divergence in global monetary policy that sparked U.S. dollar's rally in mid-2014
* In Eurozone, ECB is increasingly likely to extend its asset purchase programme beyond March 2017
* "Economic developments outside of Europe point to a steady, rather than deteriorating, growth picture"
* Global growth forecast revisions since may have been modest but this belies significant deterioration in balance of global macro risks post-Brexit
* Expects Fed to raise rates only once in 2016 and twice in 2017
* UK GDP growth is expected to fall to 0.9 pct in 2017, a downward revision of 1.1 pct compared with previous forecast
* Eurozone GDP growth in 2017 has been reduced to 1.4 pct from 1.6 pct, with a similar adjustment made to 2018
* Growth in China revised up to 6.5 pct in 2016 following better-than-expected data; Russia, Brazil now expected to see shallower recessions in 2016
* Japanese growth revised up in 2017 as planned consumption tax hike is delayed, but recent strengthening of yen capped upward revision at 0.1 pct Source text for Eikon:
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