World GDP recovery to strengthen from mid-2021 on vaccine rollout, India's GDP to shrink -9.4% in FY21: Fitch

Fitch now expects world GDP to fall by 3.7% in 2020 compared to 4.4% in its September estimate. This is despite the expectation of renewed falls in GDP in the fourth quarter in the eurozone and the UK, following the recent tightening of restrictions.

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