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Fitch cuts India's economic growth forecast to 7% from 7.8% for current financial year, and to 6.7% from 7.4% for next financial year, citing global economic condition, elevated inflation and tighter monetary policy

Barclays expects eurozone inflation to come down slowly, from 8.2% in 2022 to 6.3% in 2023; Germany has already entered recession, with GDP set to fall for at least four consecutive quarters, while eurozone overall will start shrinking in Q4

Deutsche Bank expects Eurozone to face deeper recession after Russia halted natural gas deliveries through Nord Stream 1 pipeline; euro area output forecast to contract 2.2% in 2023, compared with earlier projection of 0.3% contraction

Goldman Sachs lowers 2023 US GDP growth forecast to 1.1% from 1.5% after boosting prediction for Fed interest rate hikes to terminal rate of 4%-4.25% by end-2022; unemployment rate forecast raised from 3.6% to 3.7% by end-2022 to reflect slower growth

GlobalData cuts Euro Area's 2022 GDP to 2.9% from 4.1%, citing rising inflation, oil shortages due to sanctions placed on Russia, Chinese economic slowdown; due to unaffordable energy bills, some factories have already reduced output or closed temporarily

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