Moody's says downside risks to global economy have abated

SYDNEY Tue Feb 12, 2013 12:17pm IST

Related Topics

SYDNEY (Reuters) - Moody's Investor Services on Tuesday said downside risks for the global economy had receded in the past three months, though a number of dangers still remained.

In its latest Global Macro Risk Scenarios report, the ratings agency also said it expected economic growth to be slow in many countries.

"While our central forecasts are little changed, the downside risks have definitely abated over the past three months," said Colin Ellis, Moody's Senior Vice President for Macro Financial Analysis.

"However, we still expect a subdued global recovery with sub-trend growth in most advanced economies over the near term, alongside a relatively soft pace of expansion in emerging markets as well."

The ratings agency expects real growth for the G20 of around 2.9 percent in 2013, followed by 3.3 percent in 2014. It forecast growth in the United States this year, but expected the euro area as a whole to stagnate during 2013.

(Reporting by Wayne Cole; Editing by John Mair)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Markets

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage