Moody’s Investor Service, in its latest revision, which is part of its Global Macro Outlook, revised its baseline growth projections for India from 5.4% to 5.3% in 2020. The downgrade revision comes less than a month after the rating agency trimmed India’s growth projection from 6.6% to 5.4% for 2020. Key points “We expect these shocks to materially slow economic activity, particularly in the first half of this year. We have therefore revised our 2020 baseline growth forecasts for all G-20 economies. We expect these countries, as a group, to grow by 2.1% in 2020, 0.3 percentage point lower than our previous forecast. Moody’s also lowered its 2020 forecast for China to 4.8% from 5.2%. For the US, it now expects real gross domestic product (GDP) to grow by 1.5% in 2020, down from the previous estimate of 1.7%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Litecoin Price Analysis: LTC/USD breakdown still unstoppable despite stability at $50 FX Street 2 years Moody’s Investor Service, in its latest revision, which is part of its Global Macro Outlook, revised its baseline growth projections for India from 5.4% to 5.3% in 2020. The downgrade revision comes less than a month after the rating agency trimmed India's growth projection from 6.6% to 5.4% for 2020. Key points "We expect these shocks to materially slow economic activity, particularly in the first half of this year. We have therefore revised our 2020 baseline growth forecasts for all G-20 economies. We expect these countries, as a group, to grow by 2.1% in 2020, 0.3 percentage point lower than… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
