The rating agency Fitch told Reuters on Tuesday that improvements in any major economy are unlikely in 2021 despite heightened expectations of a rapid global economic recovery to possible vaccines against the coronavirus.
Fitch added that the countries of Latin America, the Middle East and Africa continue to show the highest level of vulnerability to new adverse actions during the next year.
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We only have two sovereign ratings (Ivory Coast and New Zealand) in Positive Outlook, so improvements in the major economies currently appear unlikely in 2021.
The countries hardest hit by the coronavirus will see the maximum economic boost with an effective vaccine launched quickly in the first half of next year.
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