Moody’s flags rising risks as it cuts global sovereign rating outlook to ‘negative’
While the starkest example remains the US-China trade spat, tensions that diminish growth have also risen in the Gulf, between Japan and Korea, India and Pakistan, the US and the EU, and the EU and Britain
11 November 2019 - 19:43
London — Ratings agency Moody’s Investors Service cut its global sovereign outlook for 2020 to “negative” from “stable” on Monday, saying disruptive and unpredictable world politics would slow growth and increase the risk of economic or financial shocks.
Moody’s, which has already slapped downgrade warnings on the UK, SA, India, Mexico, Turkey and Hong Kong, said there were three main drivers behind the move...
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