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
