Fitch slashes FY23 India growth forecast to 8.5% on high energy prices Posted on March 22, 2022 by cngpump In its Global economic Outlook-March 2022, Fitch said the post-COVID-19 pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation. Related posts: Crude oil shoots higher on US Russian oil ban, Asian shares stabilise BPCL’s amalgamation of subsidiaries to improve synergies: Fitch Soaring LNG prices likely to drive up India’s Rs 1 tn fertiliser subsidy Flying to cost more as jet fuel prices jump 18% on crude surge Global LNG demand growth shifts from Asia to Europe on Russia sanctions India’s post-pandemic eco recovery progressing well; high oil prices pose risks: Ashima Goyal Petrol, diesel sales top pre-Covid level on price hike fears India may relook inflation, growth projections, says RBI deputy governor Michael Patra IEA fears global crude oil supply ‘shock’ over Russia sanctions Goldman Sachs ups 2022 Brent crude oil spot price forecast to $135/bbl