Moody’s Investors Service stated that G-20 countries are expected to grow by 2.1% in 2020. Moody’s cuts 0.3 percentage points lower than its previous forecast, as the global spread of the coronavirus, is resulting in simultaneous supply and demand shocks. It cautioned that global recession risks have risen.
The global credit rating agency is expecting these shocks to materially slow economic activity, particularly in the first half of this year (2020). The G-20 grouping includes advanced economies such as the US, Euro area, Japan, Germany, and the UK, and emerging economies such as China, India, Brazil, Russia, and Mexico.
Most Important Takeaways for Upcoming Competitive Exams:
As travelers seek inspiration for their next adventure, the world offers a plethora of stunning…
Himachal Pradesh, nestled in the lap of the majestic Himalayas, is a paradise for nature…
The Defence Research and Development Organisation (DRDO) has achieved a significant milestone in enhancing India's…
Zimbabwe has launched a new currency called the ZiG (short for Zimbabwe Gold) in an…
The Uttarakhand government has suspended the manufacturing licenses of 14 products from Patanjali Ayurved, founded…
The Reserve Bank of India (RBI) has revoked the license of Acemoney (India) Limited, a…