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G20 economic growth to exceed 3 percent, predicts Moody's

The agency cut its forecast for the United States

Reuters  |  HONG KONG 

Moody's Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, U.S. protectionism and spillovers from global monetary tightening and China's deleveraging measures. The rating agency said surprisingly strong data in the first half of the year prompted it to raise 2017 growth forecasts for China to 6.8 percent from 6.6 percent, for South Korea to 2.8 percent from 2.5 percent, and for Japan to 1.5 percent from 1.1 percent. It also expected the euro zone to accelerate in the rest of the year ...

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First Published: Wed, August 30 2017. 10:30 IST