Fitch Revises Global GDP Forecasts

Fitch has revised its forecast for global GDP growth in 2010 to 3.1% from 2.8%, mainly reflecting stronger first quarter growth in BRIC economies and Japan. The economic recovery is occurring at multiple speeds in LatAm, the agency says. The global economic rebound, higher commodity prices and supportive domestic economic policies have benefited the region’s macro performance. Fitch forecasts LatAm real GDP growth could reach 4.6% in 2010 after a contraction of 2.5% in 2009.