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Moody's lowers G20 GDP growth forecast due to coronavirus

2020-02-17T15:26:55.501Z

The international rating agency Moody's lowered its forecast for GDP growth in the G20 countries from 2020 from 2.6% to 2.4% due to the outbreak of a new type of coronavirus.



According to RIA Novosti, the agency’s release notes that the outbreak of coronavirus has weakened optimism about the prospects of the beginning stabilization of world economic growth in 2020.

At the same time, in 2021, Moody's predicts the GDP growth rate of the G20 countries at 2.8%, which coincides with the November forecast.

The forecast for China's GDP growth rates for 2020 is also lowered from 5.8% to 5.2%, for 2021 - it remains at 5.7%.

As it is specified, it is still premature to give a final assessment of the impact of coronavirus on the economy of China and the world as a whole in connection with the continued spread of coronavirus.

It was previously reported that the European Commission suggests that the peak of the outbreak of a new type of coronavirus will occur in the first quarter of 2020, and its impact on the global economy will be relatively limited.

Source: russiart

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