The ratings agency Moody’s take on Brexit, global credit conditions, economic growth and trade, and geopolitical risks is crossing the wires via Reuters:
Key points
- The risk of the UK withdrawing from the EU without a trade agreement in place has risen
- The slowdown in economic growth will give way to even weaker global credit conditions in 2020
- Tensions between the US and China will spread far beyond trade disputes
- Global trade, political and geopolitical risks will likely escalate in 2019 as tensions between the US and China heightens.
- Global credit conditions to weaken in 2019 amid slowing growth and rising risks.
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