Economy Fitch slashes 2020 global growth forecast to -4.6%; India gets unkindest cut Updated : May 27, 2020 08:22 PM IST According to Fitch Ratings, India is now expected to see a 5 percent decline in growth in the current financial year. The world economy is now expected to contract by 4.6 percent compared to a 3.9 percent contraction predicted last month, as per the latest GEO. Output in emerging market economies excluding China is also expected to fall by 4.5 percent this year compared to a predicted fall of 1.9 percent before. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.