Saturday , November 28 2020

Moody's sees increasing US-China trade dispute; overall growth



Calculates that global economic growth will fall below 3.0%.

Credit rating agency Moody's warned that global economic growth will slow down in the next two years and expect an increase in US-China trade dispute.

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

Moody's recently added that the US $ 200 billion tariffs on Chinese goods will reach 25% from the current 10% level in January.

"In both countries, the overall direct macro-impact on growth will be manageable," Moody said. Ere However, tensions between the world's two largest economies (için) are becoming increasingly prevalent in the face of investing. In

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