BRIEF-Fitch says global macro risks deteriorate post-Brexit

miércoles 27 de julio de 2016 12:32 GYT
 

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: