Moody’s cuts G-20 growth outlook to 2.1%
March 10, 2020
Moody’s Investors Service stated that G-20 countries are expected to grow by 2.1% in 2020. Moody’s cuts 0.3 percentage points lower than its previous forecast, as the global spread of the coronavirus, is resulting in simultaneous supply and demand shocks. It warned that global recession risks have gone up. The global credit rating agency is expecting these shocks to materially slow economic activity, particularly in the first half of this year (2020).
