The risk classification agency Fitch reduced from 4.0% to 3.9% the full potential growth projection of a group of 10 emerging economies. However, it raised the estimate for Brazil’s medium -term potential growth, one of the countries that are part of this set.
In a report, the agency points out that the decrease in projection for the set of evaluated economies reflects mainly the drop in estimated potential growth for China (from 4.6% to 4.3%).
Other countries, however, were also the target of a downward review in forecasts.
They are in this Indonesian list (4.9% to 4.7%), Mexico (2.0% to 1.8%) and South Korea (2.1% to 1.9%).
Brazil, however, is among the countries whose estimated potential growth has been revised upward by Fitch -from 1.7% to 2.0% -accompanied by India (6.2% to 6.4%), Russia (0.8% to 1.2%) and Poland (3.0% to 3.2%).
Fitch projections for the potential growth of South Africa and Türkiye were maintained at 1% and 4.1%, respectively.
