News:Moody’s Investor Service has released its Global Macro Outlook Report.
Facts:
Key takeaways from the report:
- Revised India’s growth forecasts to 5.4% for 2020 and 5.8% for 2021, down from previous projections of 6.6% and 6.7% respectively.
- India’s key to stronger economic momentum would be revival of domestic demand and resumption of credit growth.
- It has also reduced the global GDP growth forecast and expects G-20 economies to collectively grow by 2.4% in 2020 and 2.8% in 2021.
- However,it says that the coronavirus outbreak in China is expected to cause disruption in the first quarter.
Additional information:
About Moody:
- Moody’s is an essential component of the global capital markets.
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