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International rating agency Moody’s has announced a forecast for the growth of the global economy. According to its experts, in 2018 global growth will be 3.3%, slowing down in 2019 to 2.9%. The economy in the developed countries of the G20 will slow down its growth from 2.3% this year to 1.9% in the next. A slowdown is expected in all key economies of the world, including the United States and Germany. The economies of the developing countries that make up the G20 will also slow down their rise – from 5% in 2018 to 4.6% in 2019. The agency reported that three-quarters of the 138 countries have a stable outlook on ratings, which rating is determined by Moody’s. Of this number, the forecast is defined as positive for 15 countries, for 19 - as negative. Moody’s drew attention to the possibility of internal political and geopolitical risks in the next 12-18 months.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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