Moody s Investors Service has reduced growth forecasts for G-20 economies and now expects real GDP to rise 2.5 per cent in 2022, down from a May projection of 3.1 per cent,.
Global credit rating agency Moody's Investors Service on Wednesday reduced the 2022 real gross domestic product (GDP) growth forecast for G-20 countries to 2.5 per cent from 3.1 per cent made in May.Moody's also cut the GDP growth forecast for .
RIYADH: Global credit agency Moody’s has slashed growth forecasts for G20 economies and expects real gross domestic product to rise 2.5 percent in 2022, down from its May projection of 3.1 percent. As financial conditions tighten, the firm’s GDP forecast for 2023 has also been cut to 2.1 percent, down from 2.9 percent, according to a statement. “Global monetary and financial
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A sweeping bill passed by the US Senate on Sunday and intended to fight climate change, lower drug prices and raise some corporate taxes, would bring down inflation over the medium to long term and cut the deficit, rating agencies Moody’s Investors Service and Fitch Ratings said on Monday.
However, the legislation, known as the Inflation Reduction Act, would not bring down inflation “this coming year or next year,” Moody’s senior vice president Madhavi Bokil said.
The legislation was disinflationary, “but for all the rebranding of the legislation, the impacts on inflation are relatively small and will only really start to compound