The US-based Moody’s Investors Service offers key insights on the global economic outlook, in its latest report on Thursday.
Key Highlights:
Global economic growth will remain sluggish.
Pessimistic business sentiment and trade uncertainty to cloud 2020 outlook.
Business sentiment across major economies has become downbeat.
There is a growing concern that a recession is only a shock away.
But emerging economies will stabilise or pick up pace in 2020 and 2021.
Not expecting global economy to enter a recession in 2020 or 2021
Expects continued deceleration for the US and China next year.
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