Thursday , March 4 2021

Moody's forecasts the slowdown in global growth in 2019 and 2020

Moody's warned about the possibility of slowing global economic growth over the next two years and predicted an escalation of the US-China trade dispute.

"We estimate that global economic growth will slow down by 3.0% in 2019 and 2020, from an estimate of 3.3% in 2017-18," the agency said in a report released Thursday.

In addition, Moody's said that charges that were recently imposed with $ 200 billion in Chinese goods will probably rise to 25% in January, up from the current 10%.

The rating agency considered that the overall global impact on economic growth in both countries would be "manageable".

However, he warned:

"The tensions (…) between the two major economies in the world are increasingly likely to have widespread negative implications by undermining investment."

With information from Reuters

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