Moody’s: Global economic growth will remain sluggish

The US-based Moody's Investors Service offers key insights on the global economic outlook, in its latest report on Thursday.

Key Highlights:

Global economic growth will remain sluggish.

Pessimistic business sentiment and trade uncertainty to cloud 2020 outlook.

Business sentiment across major economies has become downbeat.

There is a growing concern that a recession is only a shock away.

But emerging economies will stabilise or pick up pace in 2020 and 2021.

Not expecting global economy to enter a recession in 2020 or 2021

Expects continued deceleration for the US and China next year.