Global growth is set to slow — but there are 'pockets of resilience,' Moody's says
Publishing timestamp: 2023-08-31 19:27:59
Summary
Moody's Investors Service predicts a global slowdown in growth and warns of stickier inflation risks. The slowdown can be attributed to higher interest rates, China's slowing growth, and financial system stresses. While there may be some "pockets of resilience" in markets like India and Indonesia, overall, the outlook is clouded by downside risks. China's economy is expected to experience relatively slow growth, which could have implications for default rates.
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Keywords: asia economy, prices, emerging markets, china, moody's corp, jerome powell, inflation, business news, economic events,