Moody’s Investor Service, said in its latest report released on Friday, the US real GDP is now expected to grow by 1.5% in 2020, down from the previous estimate of 1.7%. Key takeaways Coronavirus will hurt economic growth in many countries through first half of 2020. Revised 2020 baseline growth forecasts for all G-20 economies as they expect supply & demand shocks from coronavirus to materially slow economic activity. Longer coronavirus outbreak affects economic activity, the demand shock will dominate and lead to recessionary dynamics. Lowered 2020 forecast for China’s growth to 4.8% from previous estimate of 5.2%. Global spread of coronavirus is resulting in simultaneous supply and demand shocks. EUR/USD looks to settle a dramatic week around 1.1300 Fed’s Rosengren: Fed needs wider QE mandate to deal with economic downturns 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 Gold Price Analysis: Harmonic patterns emerge in the gold market FX Street 2 years Moody’s Investor Service, said in its latest report released on Friday, the US real GDP is now expected to grow by 1.5% in 2020, down from the previous estimate of 1.7%. Key takeaways Coronavirus will hurt economic growth in many countries through first half of 2020. Revised 2020 baseline growth forecasts for all G-20 economies as they expect supply & demand shocks from coronavirus to materially slow economic activity. Longer coronavirus outbreak affects economic activity, the demand shock will dominate and lead to recessionary dynamics. Lowered 2020 forecast for China's growth to 4.8% from previous estimate of 5.2%. Global spread… 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.
