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Fitch Ratings lowers N. Korea's 2020 growth forecast by 2.5 percentage points to -8.5% Updated: 2020-08-11 16:59:25 KST

Fitch Ratings has lowered its 2020 growth forecast for the North Korean economy by two-and-a-half percentage points to negative-eight.five percent.
In February, Fitch had forecast growth of three.seven percent, but revised that down to negative-six-percent in May due to the Covid-19 pandemic.
Voice of America, which accessed the report, said Fitch took into consideration the continued international sanctions on the regime, growing global uncertainties and an economic slump in China, the North's largest trading partner.
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