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About Fitch Group

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; Fitch Learning, a provider of learning and development solutions for the global financial services industry; and Business Monitor International, a provider of country risk and industry analysis specializing in emerging and frontier markets.

Fitch Group Headquarter Location

33 Whitehall Street

New York, New York, 10004,

United States

Latest Fitch Group News

Chaotic U.S. exit likely to crush Afghan economy – Fitch

Sep 2, 2021

Author of the article: Article content SINGAPORE — Afghanistan’s economy is likely to collapse following the rapid withdrawal of U.S. forces and the Taliban’s return to power, Fitch Solutions said in a report. Fitch now expects the country’s real gross domestic product (GDP) to shrink by 9.7% this financial year, with a further drop of 5.2% seen next year. It had previously forecast growth of 0.4% for this year. We apologize, but this video has failed to load. Try refreshing your browser, or Chaotic U.S. exit likely to crush Afghan economy - Fitch Back to video “The highly disruptive manner in which the U.S.’s security forces left the country and the Taliban takeover will mean that the economic pains for the country will be felt acutely over the short term,” said analysts in a report from Fitch Solutions, the research arm of credit ratings agency Fitch Group. Advertisement Article content “The risks to these forecasts are weighted to the downside, given that other economies that have faced similar types of political shocks that have also led to institutional collapse.” In the longer term, Fitch Solutions’ base case is slow growth averaging 1.2% from 2023 through to 2030 – far behind the 6% growth averaged from 2002 until 2020. Foreign investment would be needed to support a more optimistic case, Fitch said. “An alternative and more positive economic scenario would entail Afghanistan’s growth averaging around 2.2% in 2023-2030, which assumes that some major economies, namely China and potentially Russia, would accept the Taliban as the legitimate government of Afghanistan and begin major investment projects.” (Reporting by Tom Westbrook; Editing by Christopher Cushing and Kim Coghill) Share this article in your social network Share this Story: Chaotic U.S. exit likely to crush Afghan economy - Fitch

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