22:27 - 9.06.2026
June 9, Fineko/abc.az. International rating agency Fitch Ratings has downgraded its global economic sector outlook for this year from "neutral" to "worsening," citing the compounding impacts of the U.S./Israel-Iran war.
ABC.AZ reports, quoting the agency's latest analysis, that the fallout from the conflict is projected to weaken economic growth, drive up inflation and bond yields, and amplify geopolitical risks globally.
Regional Analysis & Projections:
Downward Revisions: Reflecting the spillover effects of the war, Fitch revised 5 regional sector outlooks downward to "worsening." Concurrently, geopolitical risks remain high in Eastern Europe due to the Russia-Ukraine war and ongoing tensions between the U.S. and NATO members.
China as the Sole Upgrade: China emerged as the only region to see an upgrade, with its outlook moving up to "neutral." Strong exports, substantial crude stockpiles, and robust domestic refining capacity are expected to shield Beijing from immediate energy shocks.
APAC and GCC Dynamics: While AI-related exports support Asia-Pacific economies, their energy-intensive structures and reliance on oil and gas imports via the Strait of Hormuz leave them highly vulnerable. Conversely, Gulf Cooperation Council (GCC) nations are better positioned due to strong balance sheets and alternative export routes.
Fitch notes that a swift resolution to the U.S.-Iran conflict could potentially restore the global sector outlook back to a "neutral" baseline.
