Fitch: Fiscal Cliff ‘Single Biggest Near-Term Threat’ To Global Economy

The ratings agency Fitch said in a memo that the looming “fiscal cliff” is the “single biggest near-term threat to the global economic recovery.” Fitch said, according to Reuters, that if the expiring tax increases and spending cuts are triggered early next year, it would at the very least cut world growth in half in 2013.

ABOUT THE AUTHOR

David Taintor is a news editor at Talking Points Memo. Previously, he worked at NBC News and Adweek. He’s a native of Minnesota. Reach him at taintor@talkingpointsmemo.com.

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